US Dollar Direction Unclear After Obama Speech

Investors remained unsure of the direction for the US dollar in the wake of President Barak Obama’s State of the Union Address last night. By mid-morning trading in Europe, the euro gained slightly to 1.4025 dollars from 1.4019 dollars late in New York on Wednesday while the yen lost ground, falling to 90.38 yen from 89.94 yen late yesterday.

Source: AFP News

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