Excerpt from: Futures and Commodity News
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| July 18, 2007 | | U.S. dollar falls to other major currencies | Spread bets, CFDs and spot forex trades should consider shorting the U.S. dollar on the spot forex market. The dollar continues to struggle in spot forex trading as economic worries plague the greenback. Other major currencies are gaining heartily against the U.S. dollar in the spot forex market, reports Reuters:
The euro climbed to a historic high of $1.3833 <EUR=> before
trimming gains to stand at $1.3807 by 0723 GMT. Sterling rose as high as $2.0548 <GBP=>, according to
Reuters data -- its strongest since 1981 -- ahead of Bank of
England minutes at 0830 GMT. The dollar shed 0.4 percent to 121.70 yen <JPY=>, with the
yen gaining support as investors unwound some of their bets
against the low-yielding Japanese currency. | | |
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