Wednesday, September 07, 2005

Currency log: 7th September 2005

The Euro inter bank rate is hoverering around the hovering level. No real momentum in any direction.

The US$ appears to have stabilised in the 1.84 to 1.85 range. Sentiment has changed slightly in that interest rate rises may still be on the agenda for later this year. Original speculation was that further interest rises following the problems in New Orleans were highly unlikely.

If you would like to discuss further please call me on 44 [0]870 285 0364.

regards

Charles Purdy

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