1. Analysts questioned, however, whether the dollar will extend its rally much further, given that many traders are already long of the U.S. currency. 2. And the dollar could extend its recent slide in weeks ahead. 3. Currency traders in Europe said the dollar could extend its gains against the yen. 4. During Tokyo trading, the dollar extended recent gains as traders worried the Federal Reserve and the Bank of Japan will team up to buy dollars. 5. However, the risk of central bank buying will increase if the dollar extends the gains it made today, traders said. 6. Indeed, the dollar extended a slide Thursday after the release of the trade data. 7. Many traders said the dollar likely extends its rise, propelled by signs of robust U.S. economic growth. 8. Maruyama and Mizuhiko Hashimoto, assistant manager for foreign exchange at Credit Commercial de France, said they expect the dollar to extend gains to a new high today. 9. On currency markets, the dollar extended its gains against most other major currencies as stocks and bonds rallied, brightening the allure of U.S.-dollar denominated assets. 10. The dollar extended a week-long slide against major European currencies as sold off Treasuries. |