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Alaron Currency Comment

CHICAGO - Nov 19/08 - SNS -- Following is the currency futures comment from Alaron Trading Corp.

Dollar Index (DXZ8):

The DX opened lower at 87.37 and retraced to a morning Lo of 86.37 after the Oct. CPI fell 1.0%. �the largest �drop in �16 years. A drop of 4.5% in Housing Starts along with 12,000 fewer building permits �added to the mix, before comments from �Fed Reserve Vice-Chairman Donald Kohn said the �central bank is engaged in quantitative easing, where money supply is �used along with interest rate cuts to supply � funds to the market. �Prices rebounded to a mid-day Hi of 87.77 �as flight-to-quality became more attractive as equity markets retraced.

British Pound (BPZ8):

The BP opened higher at 1.5027 on DX weakness and rose to a morning Hi of 1.5244, after weaker U.S. economic data. Prices reversed and tested our initial Resistance level of 1.5026 as we head into the afternoon session.

Canadian Dollar (CDZ8):

The CD opened lower at .8076 and rose to a morning Hi of .8136 as the DX retraced on weak economic data.

Euro Currency (ECZ8):
Japanese Yen (JYZ8):

Bob Kozak

Alaron Research Team

800.462.4691

bkozak.com

DISCLAIMER: Futures and options trading involve substantial risk. The valuation of futures and options may fluctuate, and as a result, clients may lose more then their original investment. In no event should the content of this website be construed as an express of an implied promise, guarantee or implication by of from the author(s) that you will profit or that losses can or will be limited in any manner whatsoever. Past performance is not necessarily indicative of future results. Information provided on this website is intended solely for informative purposes and is obtained from sources believed to be reliable. Information is in no way guaranteed. No guarantee of any kind is implied or possible where projections of future conditions are attempted. Alaron Trading Corp. its officers, directors, employees and brokers may in the normal course of business have positions, which may or may not agree with the opinions expressed in this report.

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