Dollar continues to gain on the euro

THE dollar rallied further against the euro yesterday despite poor data from the US in recent days.

Having traded Tuesday at $1.2041, the dollar gained further to $1.2053 against the euro on the markets yesterday, despite a fall of 0.2% in retail sales for May.

US treasury figures showing a sharp drop in the flow of funds to the US for April and March failed also to halt the euro’s continuing slide.