Wednesday, July 25, 2007

Eastern European Currencies Fall Versus Dollar, Wednesday, July 25, 2007 7:25:23 AM

Eastern European currencies slid against the American dollar Wednesday morning in New York. Greenback traders looked ahead to Wednesday`s release of the Federal Reserve`s Beige Book.

The Hungarian forint retreated versus the dollar Wednesday morning in New York. The Hungarian currency experienced uncertain trading until beginning to slide after 3:00 am ET. By 6:30 am, the forint fell to an intraday low of 179.7500 against its American counterpart. Over the next forty minutes, the Hungarian currency rebounded to trade at a mark of 179.3300 at 7:13 am.

The Russian rouble fell against the greenback Wednesday morning in New York. The Russian currency traded with uncertainty before beginning to slide just before 3:00 am ET. At 7:16 am, the rouble traded at a mark of 25.4720 against its American counterpart.

The Polish zloty lost ground against the dollar Wednesday morning in New York. The Polish currency experienced uncertain trading before retreating just after 3:00 am ET. At 6:30 am, the zloty dipped to an intraday low of 2.7606 at 6:30 am. The Polish currency rebounded a bit from its losses over the next hour to trade at a mark of 2.7537 at 7:20 am. Traders considered the Polish central bank`s decision to hold its key interest rate steady.
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