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January 6, 2009
Interbank mid-market spot exchange rate indications for transaction amounts greater than US$1 million equivalent - Rates updated throughout the day.
| Country |
Currency |
Exchange Rate |
| Australia |
Dollar |
$.7147 |
| Canada |
Dollar |
1.1830 |
| Czech Republic |
Koruna |
19.7140 |
| Denmark |
Kroner |
5.5660 |
| Euroland |
Euro |
$1.3390 |
| Japan |
Yen |
94.3000 |
| Mexico |
Peso |
13.3050 |
| New Zealand |
Dollar |
$.5905 |
| Norway |
kroner |
7.0045 |
| South Africa |
Rand |
9.3550 |
| Sweden |
Krona |
7.8800 |
| Switzerland |
Franc |
1.1235 |
| UK |
Pound |
$1.4573 |
| January 6, 2009 |
| The US Dollar climbed to a 3 week high vs the Euro after a sharp decline in Euro Zone inflation sparked speculation that the European Central Bank would pursue further easing towards their current rate policy. Euro zone inflation came in at 1.6% yr/yr in December, the lowest since October 2006, vs November's 2.1% figure. Market estimates had called for a 1.8% level. The current level of inflation now falls below the 2% target level set by the ECB, which prompted traders to sell the Euro ahead of next week's ECB policy meeting. The US currency continued its advance's vs the Japanese Yen as risk aversion cooled as European equity markets rallied and US Stock futures pointed to a higher open. Oil prices climbed to a 1 month high, trading above $50 a barrel on growing tensions in the Middle East and a lingering dispute between Russia and the Ukraine over natural gas. US ISM non manufacturing data highlights today's US economic calendar. |
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