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Daily Comment

Thursday, 2nd September 2010
Sentiment Lifted Again by Strong Data
The euro saw further modest gains versus the dollar yesterday to see weekly highs of $1.2855, though it failed to hold this level overnight.  With risky assets and high yielders already trading higher on the back of reports of a sharp rise in Australia GDP in Q2, sentiment was further boosted by yesterday afternoon’s news that the US manufacturing sector expanded at a faster than anticipated pace in August.....

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Currency 1 EUR:
UK Pound 0.8328
US Dollar 1.282
Australian Dollar 1.4092
Canadian Dollar 1.3486
Danish Krone 7.4439
Japanese Yen 107.8867
Swiss Franc 1.2971
NOTE: These rates are mid-market rates and are for indication purposes only