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Daily Video Recap: Dollar Strengthens Overnight, Pound Slides on S&P

Featured \ Nick Nasad \ 12:14 PM EST \ July 12th, 2010
nnasad

The Dollar strengthened versus its main rivals as investors positioned themselves ahead of US earnings and a Greek bond auction. While the Yen recovered its losses following its Sunday election, the Pound faltered in its attempt to regain its overnight losses as S&P reiterated its negative outlook of the country’s credit rating. The Euro and Canadian Dollar were weaker against the greenback even at the mid-point of NY trading.

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