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CURRENCIES

CURRENCIES: The September Euro currency closed down 4 points at 1.3389 today. Prices closed near mid-range and closed at an 8.5-month low close and at a bearish monthly low close today. The Euro bears have the solid near-term technical advantage and have momentum on their side. Prices are in a steep four-week-old downtrend on the daily bar chart.

The September Japanese yen closed steady at .9723 today. Prices closed near mid-range. Prices Wednesday hit a nearly three-month low. The bears have the firm near-term technical advantage.

The September Swiss franc closed up 2 points at 1.1006 today. Prices closed near mid-range today Prices Wednesday hit an 8.5-month-low. The bears have the solid near-term technical advantage. Prices are in a steep four-week-old downtrend on the daily bar chart.

The September Canadian dollar closed down 1 point at .9163 today. Prices closed near mid-range and hit a fresh five- week low today. The bears have the near-term technical advantage. A four-week-old downtrend is in place on the daily bar chart.

The September British pound closed down 33 points at 1.6876 today. Prices closed near mid-range and hit another six- week low today. Prices also closed at a bearish monthly low close today. The bears have gained the near-term technical advantage. A three-week-old downtrend is in place on the daily bar chart.

The September U.S. dollar index closed up 0.024 at 81.540 today. Prices closed near mid-range, hit a nearly six-month high and closed at a bullish monthly high close today. The greenback bulls have the firm near-term technical advantage. A four-week-old uptrend is in place on the daily bar chart.

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