The dollar weakened on Wednesday in light post-Christmas trading as a weak housing industry data added to the perception of a U.S. economic slowdown.

(RTTNews) – Against the yen, the pound saw uncertain trading as Wednesday’s action took place. The currency trading in a range against the yen overnight on into the early morning. The sterling hit a low of 232.21 and a high of 232.94 as action progressed.

(RTTNews) – Overnight action on into the morning saw the yen trade in a range against the euro, hitting a high of 155.79 and a low of 156.22. The Japanese currency has traded in a range against the euro for the past 8 days, remaining near multi-year lows.

(RTTNews) – Overnight Wednesday in New York, the Australian currency showed choppy trading against the Greenback. However, at about 2:30 am Eastern Time, Aussie weakened slightly but within about an hour showed choppy trading again.

What are the most common currency pairs traded in the forex market? There are many official currencies that are used all over the world, but there only a handful of currencies that are traded actively in the forex market.

The foreign exchange market (forex or FX) is an unregulated global market in which trading does not occur on an exchange and does not have a physical address of doing business.

(RTTNews) – Moving off 1.6029 by about 6:10 pm ET Tuesday, the European currency lost ground against its Swiss counterpart. Shortly after, euro showed an uncertain trading that lasted into the small morning hours of Wednesday too.

(RTTNews) – Late evening New York Tuesday, the European currency spiked higher against the US dollar. The uptrend helped the pair to fetch as high as 1.3135 by about 9:35 pm ET. Euro then lost a few pips and showed choppy trading. As of 11:45 pm Eastern Time, a Euro fetched 1.3131 dollars.

The dollar has edged up on the euro in sluggish trading, with European stock exchanges on holiday and as dealers turned their attention to US economic data to be released later in the week.

PARIS, Dec 26, 2006 (AFP) – The dollar edged up on the euro Tuesday in sluggish trading, with European stock exchanges on holiday and as dealers turned their attention to US economic data to be released later in the week, The single European currency in early afternoon trading was at 1.3139 dollars against 1.3141 late Friday in New York.