Fri, 24 May 2019

Wall Street in the black, greenback slides

By Jay Jackson, Portland News
20 Feb 2019, 07:54 GMT+10

NEW YORK, New York - Wall Street continued its rally on Tuesday, although gains were modest.

The big action on Tuesday was on foreign exchange markets where the U.S. dollar, which had been regaining some composure over recent days, suddenly reversed course and was sold off sharply.

At the close of trading Tuesday the Dow Jones Industrial Average was ahead 8.07 points or 0.03% at 25,891.32.

The Standard and Poor's 500 rose 4.19 points or 0.15% to 2,779.79.

The tech-laden Nasdaq Composite was up 14.36 points, or 0.19% at 7,486.77.

The euro had jumped to 1.1342 by the New York close on Tuesday, with the British pound soaring to 1.3062.

The Swiss franc gained to 1.00120, while the Canadian dollar firmed to 1.3212.

The Australian and New Zealand dollars were sharply higher at 0.7164 and 0.6882 respectively.

The Japanese yen was little changed at 110.57.

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