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Swiss Franc Sinks Against Majors After Money Supply Report
The Swiss franc dropped versus its major counterparts on Wednesday in New York, including hitting a fresh multi-month low against the greenback. Investors considered a report showing Swiss money supply grew at a slower pace in July.
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Canadian Dollar Erases Declines as Crude Gains on Inventorie
Canada's dollar erased losses after a report on gasoline inventories boosted oil prices. 3
Chart of the Day - 8/20/2008 - EUR/USD
In what amounts to a continuing low-volatility consolidation in the major pairs, EUR/USD (an hourly chart of which is shown) has formed a short-term parallel downtrend channel 4
Buy Won, Rupiah, Rupee on Cheaper Oil, RBS Advises
Investors should buy the Korean won, Indonesian rupiah and Indian rupee because the currencies will benefit from the drop in crude oil prices, according to the Royal Bank of Scotland Group Plc. 3
Chart of the Day - 8/19/2008 - USD/CAD
8/19/2008 – USD/CAD – As shown on the accompanying USD/CAD 4-Hour chart, price action on this pair has formed both a steep uptrend support line (represented in green) and a flag pattern (represented in yellow) since the forceful bullish run in th 4
Are We Seeing the End of the AUD/NZD Slide?
Very interesting development with the AUD/NZD pair; a personal favorite of mine for range trades. 3
Pound Falls Near Two-Year Low Versus Dollar
The pound fell to near a two-year low against the dollar and slipped versus the euro after Bank of England policy maker Tim Besley said inflation will fall by the end of next year, adding to the case for interest-rate cuts. 4
New Zealand Dollar Reverses Early Losses Against Majors
During early European deals on Tuesday, the New Zealand dollar reversed the losses it suffered in Asian trading against other major currencies. The kiwi thus gained from a 4-day low against the yen. 
