From: Adam <""4thwormcastfromthemolehill\"{at}the field.near
the bridge">

http://www.fxstreet.com/news/forex-news/article.aspx?StoryId=c1572b4d-fc43-409f
-aa02-461c2f6f962e

"The dollar extended its slide against other major currencies on
Wednesday, hitting a 26-year low against the British pound and approaching
an all-time low against the euro, after recent U.S. inflation numbers
damped expectations that the Federal Reserve would increase interest rates.

The pound climbed as high as $2.0133, its highest level since 1981, after
the minutes of the latest Bank of England meeting showed its Monetary
Policy Committee voted 7 to 2 in favor of holding interest rates at 5.25%
in April. The two dissenters favored hiking rates.

"'They don't like the U.S. dollar anywhere and it is unanimously
so," said Dennis Gartman of the Gartman Letter. "Simply put, the
market is now convinced that the future of the U.S. economy is one of
relative weakness, while that of Europe is one of strength."

In New York trading, the euro stood at $1.3579, compared with $1.3565 late
Tuesday. It reached a high of $1.3614 earlier in the session, the loftiest
level since January 2005. The dollar is within striking distance of its
all-time low against the euro, $1.3666, reached in December 2004.

The British pound traded at $2.0054 vs. $2.0051, after earlier touching
$2.0133, the highest level since 1981.

The dollar changed hands at 1.2051 Swiss francs, compared with 1.2088 francs.

The dollar was last quoted at 118.24 yen, compared with 118.95 yen. The
euro fetched 160.55 yen, compared with 161.35 yen. "

Adam

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