The euro fell against the dollar Thursday, reversing gains from Wednesday, when data showed U.S. inflation keeps falling and the Federal Reserve suggested it will cut interest rates again. The 15-nation euro traded at $1.2529 in European morning trading, down from the $1.2602 late Wednesday in New York. The dollar’s strength made up for temporary [...]

(RTTNews) - The European single currency extended earlier uptrend against its British and US counterparts during New York afternoon deals today. As of now, the euro is trading near 0.7969 versus the British pound and 1.5883 against the US dollar. Against the Japanese yen, the euro is worth 168.36.

- EUR/USD reversal driven by pent up sentiment and an IFO trigger.
- US data little help ahead of next week’s GDP numbers and rate decision, will UK growth figures change that?

TOKYO, April 25 (Xinhua) — The U.S. dollar rose to an eight-week high Friday in Tokyo. At 5 p.m., the dollar was quoted at 104.70-72 yen against Thursday’s 5 p.m. quotes of 104.20-30 yen in New York and 103.69-72 yen in Tokyo.