12/18/08 - Daily Forex Market News from cmsfx.com

Dollar Counter-Rallies vs Rivals, Oil Falls Below $37
Thursday, December 18th, 2008

The Dollar rose against its main rivals following a week of heavy losses. The Pound swung 700 pips lower from its high near 1.56 against the Euro and set a fresh record low against the Euro. The commodity bloc of currencies retreated against the greenback and Yen as oil fell below $37 for the first time in 4 years.

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