The dollar strengthened to a top of 1.2615 from the Euro before edging lower. The University of Michigan consumer confidence indior diminished farther than anticipated to 85.3 in early May from 87.7. This won't have a significant effect, but might encourage gain carrying following the dollar advance, particularly on long dollar positions. The dollar is in danger of a correction poorer against Sterling at the term. Confidence within the buck will stay stronger with the capacity for a new buying interest next week.
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