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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (33869)	12/30/2010 8:10:32 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71454

So far: Trade-weighted sterling hits 2-month low LONDON, Dec 30 (Reuters) - Sterling fell to its lowest in two months against a basket of currencies on Thursday as the pound came under year-end selling pressure in thin trade, hitting a seven-week low against the euro. Trade-weighted sterling <=GBP> fell to 79.3, its lowest since late October, according to data compiled by the Bank of England. The fall came as the euro hit a seven-week high of 86.03 pence <EURGBP=D4>, while sterling fell as much as half a percent against the dollar <GBP=D4>. The pound also hit an all-time low against the Swiss franc <GBP=D4> of 1.4453 francs and fell to a multi-year low versus the New Zealand dollar <GBPNZD=R> below NZ$2.0, as well as falling to its lowest in nearly two years against the yen <GBPJPY=R>. (Reporting by London Forex team) ((jessica.mortimer@thomsonreuters.com; Tel: +44207 542 7817, RM: jessica.mortimer.thomsonreuters.com@reuters.net)) Keywords: MARKETS FOREX/STERLING TWI