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Tresuries are in a trading range and have rebounded after
trading lower this morning, and showing strength as Stocks
are higher today.
The euro strengthened against the dollar Monday after the
head of the European Central Bank said the euro zone was
on track for recovery and gave no signal that interest
rates were about to change.
With U.S. markets closed for the Presidents Day holiday,
investors focused on ECB President Jean-Claude Trichet's
testimony to a European Parliament commission.
The dollar held most of the gains it made Friday during
the European morning but slipped as Trichet spoke.
"Anything that signals stability in the euro zone economy
is positive for the euro because that would lead to wider
interest rate differentials with the U.S.," Mark
McFarland, currency strategist at UBS in London, told
Reuters.
U.S. Treasurys were little changed Monday with the U.S.
markets closed for the Presidents Day holiday.
We offer the best web templates for your business. web templates Our website templates availble for immediate download. In Tokyo, the Nikkei stock index ended flat as the strong
yen put investors off high-tech shares. Cosmetics and
textiles maker Kanebo fell nearly 15 percent after it quit
talks on selling its cosmetics division.
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