October 18, 2010

CURRENCY OVERVIEW



The dollar index .DXY was steady at 77.096. Technical analysts say it needs to extend above its Oct. 12 high of 77.93 to signal a short-term bottom is in place after Friday's 10-month trough of 76.144.

The dollar was soft against the yen at 81.21 yen JPY=, edging back toward a 15-year low of 80.88 hit last week and hovering not far off a record low of 79.75 set in 1995.

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