Hey guys, I hope you have had a profitable week. Dollar seems to catching on all the lost glory, the greenback moved ahead to a one month high against the yen and a two week high against the euro yesterday, boosted by oil's decline and improved consumer confidence in the US financial sector.

Sterling also moved higher after Bank of England released minutes of their meeting to set a rate earlier in the month showed that one of the members insisted on an interest rate rise to fend off inflation. The euro however declined after pressure mounted on the currency on the news that BBVA Bank of Spain is interested to buy HBOS of UK.

The dollar climbed to its highest level in a month at 107.92 yen, according to Reuters data, before easing back to 107.70 yen, still up 0.3 percent. The euro had fallen as low as $1.569. It last traded at $1.5706, down 0.5 percent on the day. The euro rose as high as 169.98 yen according to Reuters data, before pulling back to 169.23 yen, down 0.1 percent.

Cheers! ;)
Daniella