Currencies ahead of Holidays and U.S. data

24 December 2009 @ 07:48 am EDT

Ahead of the Christmas Holiday tomorrow, we see that there is low volume in markets as investors close their deals; while the Dollar Index, which usually measures strength of the dollar versus six major currencies, declined as it currently trades at 77.57, while recording a high of 77.93 and a low of 77.49. The dollar is declining as a result of speculations that the Feds will continue their stimulus measures to stimulate growth in the U.S. economy.

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