Currency Summary 21 AUGUST 2006


Category: Market News
  • U.S. Dollar Trading (USD) was mixed against the majors in the overnight forex trading session as US consumer sentiment disappointed. The sentiment index fell from 84.7 to 78.7 in August below expectations of a modest fall to 83.6. In other markets, the Dow Jones index rose by 46pts while the NASDAQ gained 6pts capping the best week in 3 years for the NASDAQ. Crude oil rose as focus was again on Iran and their nuclear ambitions, with the UN deadline nearing before sanctions are imposed. Crude oil finished up USD$1.03 to USD$71.09 a barrel. Looking ahead, Redbook store sales and the Richmond Fed Survey are due out tomorrow.
  • The Euro (EUR) traded within a low of 1.2780 and a high of 1.2845, before closing at 1.2820 in the New York session.
  • The Japanese Yen (JPY) traded within a low of 115.45 and a high of 116.00 versus the dollar, before closing at 115.80 in the New York session.
  • The Sterling (GBP) traded within a low of 1.8780 and a high of 1.8860, before closing at 1.8820 in the New York session.


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