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Tuesday, September 12, 2006

Dollar is Gaining, As Investors Adjustiing Positions

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The dollar continues to strengthen across the board, making its biggest moves against its European counterparts as investors engage in technical trading. A wider-than-expected U.S. trade deficit has done little to dampen the greenback as investors pushed the euro to a fresh intra-day low at $1.2673 while the dollar rallied to CHF1.2498 in morning trading. .

The dollar was at Y117.74 from Y117.55, while the euro was at Y149.36 from Y149.29.
The dollar was trading at CHF1.2485 from CHF1.2448 Monday, while sterling was fetching $1.8734 from $1.8648

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