Oil Loses Ground, USD Higher |
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9/2/2008 3:14 PM: EUR/$..1.4516 $/JPY..108.77 GBP/$..1.7824 $/CHF..1.1062 AUD/$..0.8386 $/CAD..1.0684 Oil Loses Ground, USD Higher The greenback firmed across the board, rallying to 1.7783 against the pound and 0.8272 versus the Aussie on the heels of further weakness in crude oil, which eased to its lowest level since January down nearly 5% to $109.71 per barrel. Economic reports released earlier saw August manufacturing ISM reveal contraction in the sector, at 49.9 versus 50 from July. In
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