LONDON (Thomson Financial) – The dollar’s recovery has gathered pace this morning as traders square up positions ahead of a busy week. The dollar’s new momentum was triggered at the end of last week when higher than anticipated US retail sales and inflation data diminished market expectations of aggressive monetary easing from the US Federal Reserve, which last week cut its benchmark funds rate another quarter point to 4. The copying, republication or redistribution of Thomson Financial News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Financial News. The content on this site, including news, quotes, data and other information, is provided by AFX News and its third party content providers for your personal information only, and neither AFX News nor its third party content providers shall be liable for any errors, inaccuracies or delays in content, or for any actions taken in reliance thereon. read more
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