Dollar declined, retreated from 14-year high

The dollar dipped against a basket of currencies today, retreating from the 14-year high it set earlier this week. 

The dollar settled at 1.0436 with the euro this afternoon, down 0.01%. Against the yen, the dollar closed at 117.57, or 0.02%. The dollar was down slightly against the pound, closing the day at 1.2281, or 0.01%. 


*The price of gold and silver were also down for the day. 

*Traders took profits and chose to ignore off generally good U.S. economic data, according to analysts. 

*The euro/dollar exchange pairing was 1.0434, up 0.10% this afternoon. 

*The dollar/yen exchange pairing was up 117.62, up 0.06% today.

*The pound/dollar pair was down, however, 1.2285, or 0.52%.

 

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