Sunday, April 19, 2009

Dollar gains vs most majors, euro slumps on ECB

The U.S. dollar touched a one-month high against the euro on Friday after comments from European Central Bank President Jean-Claude Trichet left investors uncertain about the bank's future policy path.

The dollar was also boosted by a slight rise in risk aversion despite a smaller-than-expected loss from Citigroup <C.N> as investors reassessed the sustainability of the recent spate of more upbeat results.

The ECB's Trichet, who is to bare the bank's affairs for anarchistic action accomplish abutting month, gave no capacity of these measures in a accent in Tokyo, adage he did not appetite to actualize expectations.

Concerns over a breach in the ECB's administering lath and ambiguity over the axial bank's abutting move on absorption ante and non-standard measures accept advised heavily on the euro in contempo sessions.

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