Dollar versus gold and vice versa

Sterling hits the day's high against the dollar and the euro on octo.26 Tuesday after strong economic growth data and a vote of confidence in the Govt's management of economy.From the rating agency S&P the UK economy grow 0.8% in July-Sept.2010. It dampened the speculation that the Bank of England may soon
implement quantitative easing.
Euro- dipped 0.1% to $1.3945 after fully close above $1,400 on Monday (Octo.25).The euro has support
at around 1.3860 its low last Friday and 21st day moving average $1.3866.Macro funds had trimmed some
of their short dollar position as they waited to see how the G-20 currency debate shaped up.
Indian rupee- The Indian rupee eased on 26 Octo. tailing losses in the other Asian currencies and choppy
domestic share market that failed to provide direction.Coal India's $3,5billion Ipo power to price the issue
at the top of its range and building momentum for other state offers. The world's largest coal miner
would begin to refund excessive subscription for the IPO which had an instituional orders book of about $27
billion powered by foreign funds by late October or November and traders expect the rupee to weaken at
that time.