Friday, November 24, 2006

Dollar sell off continues, Euro Trading mixed, Swiss Franc trading stronger

Dollar weakness continues further with the strong breakout in EUR/USD and GBP/USD, on intra basis EUR/USD kissed the level of 1.3086 and in GBP/USD made the high of 1.9335 and USD/JPY trading well below the 116 level. We're seeing more weakness in USD/CHF and currently trading below 1.2200. As the Dollar keeps getting weaker against major economies of the world now finally USD/CAD breaks below the key level of 1.1400. And a slightly strong in Gold related NZD/USD and AUD/USD. As this goes i'm still bullish on Down Under currencies against Dollar.
Euro trading stronger against Dollar and Yen but trading weaker against Swiss Franc and flat trading against Sterling. Sterling trading weaker against Yen and weak against Swiss Franc.

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