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FOREX-Dollar extends gains, euro backtracks from key $1.20 level
概要：The dollar extended gains on Wednesday and the euro fell, retreating from the key $1.20 level reached in the previous session.
The dollar extended gains on Wednesday and the euro fell, retreating from the key $1.20 level reached in the previous session.
Wednesday's counter-trend was attributed by analysts to profit taking and technical resistance to the $1.20 mark hit Tuesday, spurred on by comments from European Central Bank chief economist Philip Lane, who said that the euro-dollar rate “does matter” for monetary policy. Comments show the ECB was rattled by the appreciation of the euro and fall in the dollar.
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