Of DOW JONES NEWSWIRES
LONDON (Dow Jones)--Optimism over the global economy is lifting the dollar Thursday in Europe, while the yen is getting hit by an upturn in investment flows out of Japan.
Although both the euro and the pound rose to $1.40 and $1.60, respectively, both have slipped back below these levels again, with the dollar showing consistent resilience.
Underlying sentiment towards the U.S. currency was helped by Moody's confirmation Wednesday that it doesn't have any plans to downgrade the U.S.'s triple-A debt rating, which the market previously thought was under threat.
Although both the euro and the pound rose to $1.40 and $1.60, respectively, both have slipped back below these levels again, with the dollar showing consistent resilience.
Underlying sentiment towards the U.S. currency was helped by Moody's confirmation Wednesday that it doesn't have any plans to downgrade the U.S.'s triple-A debt rating, which the market previously thought was under threat.
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