Monday, September 12, 2005

Currency log: 12th September 2005

The Euro continues to gently weaken with the inter bank rate hitting 1.485. Getting towards the top of its trading range.

The US$ has moved nearly a cent and a half to just over 1.825. May well continue to strengthen as the expectation of interest rate rises increase.

If you would liek to discuss further please give me a ring 0870 285 0365

Regards

Charles Purdy
www.SmartCurrencyExchange.com

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