Dollar Shakes Two-Month High Against Euro

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The dollar fell from a two-month high against the euro on Wednesday, losing momentum after Tuesday’s rally due to strong data on foreign capital flows to the U.S.


The figures showed the U.S. was attracting more than enough foreign cash to fund its trade deficit, but economists had concerns over whether it was enough to end worries about funding problems in the future.


In early morning trading, the dollar was down about half a percent to $1.3080 vs. the euro, compared with Tuesday’s two-month high just beyond $1.30.

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