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Posted August 31st, 2005 by Charles Purdy

Currency log: 31st August 2005

The Euro is slowly strengthening, pulling back to just over interbank 1.46. Unlikely to be any real momentum given the holiday season and the lack of any major trend.

The US$ is also strengthening having moved from 1.80 to 1.785ish over the last few days. May well continue so probably a good time to buy dollars.

Any questions please call me on 44 [0]870 285 0364.

Charles Purdy

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