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Currency Summary 21 AUGUST 2006

Saturday, April 28th, 2012
  • 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.

USD hits 14 years low vs GBP

Friday, December 1st, 2006

Based on Reuters (Dec 1 2006) - The dollar hit a 14-year low against sterling and a 20-month trough versus the euro on Friday after weak U.S. data reinforced expectations the Federal Reserve might cut interest rates next year.

top gbp position

Chart graph for GBP/USD since 1992 to 2006

On GBP/USD chart could be try rollback the history in 1992, break postion over 2.000. The dollar fell as low as $1.9748 per pound (GBP), hitting its lowest for a second day since Sept. 1992 — just before the UK abandoned the European Exchange Rate Mechanism, the precursor to the euro. Investors are looking for sterling to rally to the elusive $2 level, last reached also in Sept. 1992.

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