Currency update

To say it has been a difficult start to 2008 on the world's financial markets is an understatement to say the least, but currency markets have been fairly range-bound and it is equities that have taken centre stage. But could all this be about to change? It has now been talked about that maybe the 18-month downtrend we have seen in the US dollar could be about to come to an end, and this could see some sharp and aggressive moves in all major G8 currency pairs. This month the European Central Bank (ECB) hiked its key lending rate to 4.25% in an attempt to bring down inflation. Now you wo...