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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. 6
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 5
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. 5
Sterling Uncertain Versus Other Majors Wednesday Morning
The sterling barely budged versus most other majors currencies Wednesday morning in New York as traders digested a slew of economic data from the UK. 5
Gold Extend Gains on Speculation Dollar Rally May Stall
Gold rose for the third straight day on speculation the dollar's rally against the euro may stall, boosting the appeal of the precious metal as an alternative investment. Silver also gained. 5
BoJ Retains Key Interest Rate; Says Economic Growth Slow
The Bank of Japan's Board of Governors voted to leave the overnight call rate unchanged at 0.50% for the 21st consecutive meeting at the conclusion of its two-day monetary policy meeting in Tokyo. In a move that was widely expected, the board vot 5
Dollar Rises Versus Euro as Wholesale Prices Exceed Forecast
The dollar rose versus the euro after a government report showed wholesale prices increased in July twice the amount economists forecast. 
