TEL AVIV, March 11 (Reuters) - The Bank of Israel intervened in the foreign currency market on Thursday, buying about $130 million to curb a rising shekel , dealers said.

Here is the hourly perspective for US session:

http://www.fxstreet.com/technical/analysis-reports/currency-majors-technical-perspective/2010-03-11.v02.html


The New Zealand dollar extended the rally from earlier this week and is the best performing currency against the greenback on Wednesday, while the Japanese Yen weakened across the board and retraced the two-day rally against the U.S. dollar.

CHINA regards United States Treasuries as important but is wary about gold as an alternative when it comes time to diversify the world's biggest foreign exchange reserves, the nation's top currency regulator said yesterday.

Expect the EURGBP to test 9200. Although far from clear, there is little evidence to suggest a reversal lower in the Yen crosses near term (yet).

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