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London Session

Jul 21,2008

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The buck lost ground in a very quiet London session.  Lacking any news or economic data releases to bite on, the sideways trading was symptomatic of a market awaiting the open of the US stock market in the NY morning. EUR/USD opened near the 1.5870 mark and closed just a touch higher near 1.5885.  USD/JPY was also little changed, with the pair opening near 106.80 and closing around the 106.70 level.  GBP/USD witnessed similar results, rising to a close near 1.9975 after opening

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