Financial Times FT.com

Strong data help dollar recovery

By Peter Garnham

Published: July 6 2007 11:19 | Last updated: July 6 2007 18:04

The dollar bounced back from close to a record low against the euro and its weakest level in more than 25 years against the pound this week as robust economic data helped ease worries about the US economy.

Analysts said a lack of yield support relative to other main currencies was the primary factor damaging the dollar early in the week, with stress in the US credit market also weighing on sentiment.

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