The cable of lows from a higher than expected CBI industrial trends orders came at + 1 vs. -12.
Overall the cable trade traded with a low of 1.9480 and a high of 19610 before closing day at 1.9597
The Euro got a lift as the day went from oil popping higher and it got further gains from the newly elected Italian Prime Minster Berlusconi comments "It's unfortunate that the European Central Bank hasn't done much to stop hyperinflation of the Euro." Overall the Euro-dollar traded with a low of 1.5463 and a high of 1.55538 before closing the day at 1.5528 in the NY session at 1.5528.
With little data out yesterday, the USD drifted lower amidst continued concerns of prolonged oil led global economic slowdown by the end of the day the dollar was down 0.1 per cent against the Euro and 0.1 up against the YEN.