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U.S. Forex Market Commentary

Jul 20,2008

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EURO The euro depreciated vis-à-vis the U.S. dollar today as the single currency tested bids around the US$ 1.5805 level and was capped around the .5885 level.  The common currency came off after it was reported that U.S. banking giant Citigroup registered lost less money in the second business quarter than estimated.  Citigroup took a charge of US$ 7.2 billion, below the .0 billion write-down that was expected.  Traders are paying close attention to earnings reports from

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