** YoY = Year over Year ** MoM = Month over Month | ||||||||||||||||||||||||||||||||||||||||||
USD The Dollar finished off last week with a rebound session on Friday after falling to a new low on the year against a basket of currencies. The reversal of the down trend for the Dollar late in the session was widely viewed as profit taking, although there is some speculation that investors’ appetite for risk is waning which boosts the safe-haven appeal of the Dollar. The ICE Dollar Index, which is the standard measurement of the greenback’s value against a basket of six major currencies, gained .4% to 76.457, after having bounced off Thursday's one year low of 76.010. The Dollar starts this week’s trading session at 1.4708 to the Euro after having been up .3% on Friday, 91.45 versus the Japanese Yen, a .19% gain, 1.627 to the British Pound after having risen more than .8% and 1.0693 against the Canadian Dollar which was just about even with the USD in Friday’s session. GBP The British Pound Sterling had a rough session on Friday after it was made public that the British government had set tougher-than-expected conditions for the potential exit of Lloyds Banking Group from a state-run arrangement to protect its assets. The news about Lloyds underlined the perceived delicateness of the British banking sector at this time and undermined the interest that traders have had in the Sterling. The Sterling begins this week at .9038 against the Euro which rose .4% on Friday against the British currency, 1.6754 to the Swiss Franc which also gained .4% against the Sterling and 148.59 versus the Japanese Yen which had a .67% gain against the Pound on Friday. | ||||||||||||||||||||||||||||||||||||||||||
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