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Meta 4 Platform

Monday, May 31, 2010

The Dollar

The greenback relinquished gains against the majors with the euro edging up just shy of the 1.24-level while the Canadian dollar pushed higher to 1.0493 in the Thursday session. Improving risk appetite propped the global equity indexes higher sending the Dow Jones higher by more than 2% and the Nasdaq up by 2.85% in the afternoon session. Crude oil benefited as well, posting a nearly 3.7% rally to above the $74-per barrel mark.