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Commentary for the week of 08/29/2008
Currency Closing Price 1 Week Change 1
Month
6
Month
1
Year
30
dma*
90
dma*
200
dma*
52 Week Range
Australian Dollar $ 0.86 (0.82%) (9.81%) (7.68%) 4.54% $ 0.90 $ 0.94 $ 0.92 n $ 0.81 - $ 0.98
British Pound Sterling $ 1.82 (1.68%) (7.95%) (8.43%) (9.72%) $ 1.92 $ 1.95 $ 1.97 $ 1.82 - $ 2.12
Canadian Dollar $ 0.94 (1.57%) (3.78%) (7.14%) (0.34%) $ 0.96 $ 0.98 $ 0.99 $ 0.93 - $ 1.10
Euro $ 1.46 (1.01%) (6.07%) (3.53%) 7.05% $ 1.52 $ 1.55 $ 1.52 n $ 1.36 - $ 1.60
Japanese Yen $ 0.01 1.14% (0.66%) (4.66%) 6.39% $ 0.01 $ 0.01 $ 0.01 n $ 0.01 - $ 0.01
Mexican Peso $ 0.10 (1.37%) (2.26%) 4.11% 7.69% $ 0.10 n $ 0.10 $ 0.09 $ 0.09 - $ 0.10
Swedish Krona $ 1.55 (1.96%) (5.87%) (4.39%) 6.49% $ 1.61 $ 1.65 $ 1.62 n $ 1.44 - $ 1.72
Swiss Franc $ 0.91 (0.25%) (4.93%) (5.47%) 8.93% $ 0.93 $ 0.96 $ 0.94 n $ 0.82 - $ 1.03

* dma stands for "days moving average" and is an average of the price of the security over that specified time with each day's new price replacing the oldest price.
  For moving averages, denotes a "rising" moving average, denotes a "falling" moving average and "n" denotes "neutral"

  Glossary of Terms


Associated Currency Graphs
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The currency chart displays the price of the noted currency with it's 30, 90 and 200 days moving averages.

 
Print commentary for all nine currencies in one document


Past Performance is no guarantee of future results.

All currency commentary and data have been prepared by Foreign Exchange Analytics (FXA). The opinions and forecasts expressed herein are solely those of FXA, and in no way represent the advice, opinion or recommendations of Rydex Investments, its affiliates or related companies. Although Rydex Investments believes the information from FXA is reliable, because of the possibility of human or mechanical error, Rydex Investments cannot, and does not guarantee or warrant the accuracy, adequacy, completeness or suitability of any information and is not responsible for any errors or omissions or for the results obtained from the use of such information. Nothing contained herein should be construed as a solicitation to by or sell any securities. This information is subject to change at any time, based on market and other conditions. FXA and Rydex Investments are not affiliated.

Currency investing may not be suitable for all investors. Currency markets can be extremely volatile resulting in fluctuations in the price of the currency which could materially and adversely affect the value of an investment. There are several factors which can increase the volatility of a foreign currency including, but not limited to: national debt levels and trade deficits; domestic and foreign inflation and interest rates and investors expectations concerning inflation and interest rates; global and regional political, economic or financial events and situations. Before making an investment decision, investors should consult their financial professional regarding the risks of investing and other factors involved in currency investing.


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