Dollar Rallies amid Further Retreat in Oil |
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7/16/2008 3:40 PM: EUR/$..1.5811 $/JPY..104.92 GBP/$..1.9986 $/CHF..1.0177 AUD/$..0.9734 $/CAD..1.0014 Dollar Rallies amid Further Retreat in Oil The dollar extended gains today against the euro and sterling, recovering from previous session's losses to rise toward the 1.58-level versus the euro and beneath 2 against the sterling. The greenback benefited from further declines in crude oil, which lost over $4 to $134.58 per barrel amid softening demand and increased supply as reflected by
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