A tough day for the dollar, as the market.....>

FOREX: A tough day for the dollar, as the market readies itself for the

shortened week in the US. The release of weaker than expected US Durable Goods

Orders was the beginning of the demise of the dollar. This combined with a sharp

drop in US Tsys yields and surge of demand for gold.

-AUSSIE: Consolidation largely remained the theme during a quiet European

morning session. Initially lifting to $0.7577 on early dollar weakness, cross

selling predominantly by Aud/Jpy pressured through the Asia low to $0.7556.

-The release of the FOMC minutes showing concerns over inflation witnessed the

rate print session highs of $0.7608.

-YEN: The dollar was under pressure, as US Tsys yields fell and gold surged. The

pair went onto print session lows of Y111.51.

-The release of the minutes witnessed more pressure as concerns over inflation. 

-EURO: Weak US data, combined with thin markets witnessed the rate print a

session high of $1.1798.

-Release of FOMC saw dollar pressure, the rate printed session highs of $1.1818