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Friday, March 03, 2006

FX Closing Comments

FX markets were range bound and relatively quite. The Dollar did make modes gains against the Yen but rallies continue to fail in the CAD and EUR. The University of Michigan's last revision of its February consumer sentiment index fell to 86.7 from 91.2 in late January and 87.4 in early February. Economists thought it would be revised up to 88.0. Unemployment was a non-factor in today's trading.