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Friday, April 21, 2006

FX Closing Comments

The Dollar was down against all the majors today, but only by a little. Dollar sentiment is now a bit weak, as traders sort through talk of central bank portfolio shifts and add to the edginess surrounding the greenback. As Fed rate hikes come closer to their peak, Dollar bulls are fretting over the prospect of rising EU rates. Next week will begin with the key UK retail sales data for March.