Greenback Relinquishes Gains on Oil |
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7/30/2008 3:20 PM: EUR/$..1.5568 $/JPY..108.06 GBP/$..1.9809 $/CHF..1.0483 AUD/$..0.9432 $/CAD..1.0231 Greenback Relinquishes Gains on Oil The dollar backed away from its gains versus the majors by afternoon New York trading, relinquishing a five-week high against the euro at 1.5523 to fall back near the 1.56-handle. The greenback initially received a boost from the better-than-expected ADP private sector payrolls report but later succumbed to a combination of profit taking ahead of key US
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