Dollar Expected to Open Mixed

The U.S. Dollar is expected to open mixed this morning based on a slow overnight trade.  The Dollar is losing ground to the Euro and Japanese Yen while showing strength versus the British Pound, Canadian Dollar and Swiss Franc.

The September Euro has been showing strength versus the Dollar recently because the pace of the European recovery is moving faster than traders.  Overnight the German Business Confidence Index was reported stronger than expected.  This is still another sign that an economic recovery is on the way. 

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