Dollar makes modest gains after Beige Book
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The US dollar made small gains after the release of the Beige Book.
U.S. stocks withdraw slightly after the report but are still mixed.
EUR/USD fell to 1.5035 from 1.5050. USD/JPY rose from 87.22 to 87.35. According to the Federal Reserve economic conditions improve modestly.
The dollar rose a few pips across the board after the Beige Book. EUR/USD remains inside a range between the lows of the day at 1.5030 and 1.5050. GBP/USD found resistance at 1.6660 and currently trades at 1.6648/52. USD/CHF holds above parity level.
Wall Street is posting mixed results. The Dow Jones is falling 0.38% and the Nasdaq rises 0.16%. Both indexes are far from the highs of the day.
(c) 2012 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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