British Pound/US Dollar Traded With A Low of 1.5865

The pound (GBP) suffered the most from the change in Dollar sentiment as the pair crashed from above 1.6000 to below 1.5900 for a 200 pip daily range. Sentiment is still very fragile for the pound and further losses are possible into the year end given the failed attempt to break back above the 1.6000 level. Overall the GBP/USD traded with a low of 1.5865 and a high of 1.6071 before closing the day at 1.5900 in the New York session.

The Australian Dollar (AUD) was second only to it's neighbour the New Zealand Dollar as risk was expressed through both these high yielding currencies. Expectations for a first half 2010 rate rise in New Zealand and three rate rises already this year in Australia have helped the two commodity currencies gain heavily this year. Overall the AUD/USD traded with a low of 0.8859 and a high of 0.8996 before closing the US session at 0.8940.

Oil & Gold (XAU) was relatively quiet having a small rally before retreating below the $1100 level in the US session. Overall trading with a low of USD$1096 and high of USD$1109 before ending the New York session at USD$1097 an ounce. Crude Oil had a flat day with the market consolidating recent gains. Crude Oil was up -$0.01 ending the New York session at $78.76.