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Reply #83: Dollar advances to multi-month high versus most major Latin American currencies (NASDAQ dixit) [View All]

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Ghost Dog Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Jun-25-08 03:38 PM
Response to Reply #66
83. Dollar advances to multi-month high versus most major Latin American currencies (NASDAQ dixit)
Edited on Wed Jun-25-08 04:20 PM by Ghost Dog
(RTTNews) - The US dollar advanced to multi-month highs versus the Chilean peso, Peruvian Sol and Colombian peso in New York trading on Wednesday. On the other hand, the greenback showed weakness against Brazilian real and Mexican peso.

...

The US dollar advanced against its Chilean counterpart during New York mid-day trading on Wednesday. At about 12:05 pm ET, the dollar-Chilean peso pair surged to a 7-month high of 509.75, compared to yesterday's close of 504.45. Currently, the pair is worth 508.78.

During New York afternoon trading today, the US dollar strengthened against the Colombian currency. The dollar climbed to a monthly high of 1787.50 by about 12:45 pm ET against the peso, compared to yesterday's close of 1750.60. The dollar has been in an upward channel against the peso for the past 7days. As of now, the pair is trading near 1778.50.

The dollar, which closed yesterday's New York session at 2.9325 against the Peruvian Nuevo Sol, soared to a new multi-month high of 2.9850 in New York afternoon trading on Friday.

The US currency declined against its Brazilian counterpart in New York afternoon deals today. At about 3:25 pm ET, the greenback ticked down to a fresh multi-year low of 1.5910, compared to yesterday's North American close of 1.6040.

After moving sideways in New York morning session, the US dollar ticked down against the Mexican peso after the releasing of Fed's rate decision that held interest rate at 2 percent.

/... http://www.nasdaq.com/aspxcontent/NewsStory.aspx?cpath=20080625\ACQRTT200806251624RTTRADERUSEQUITY_0897.htm
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