USD

The US Bank Citigroup, recently at the center of a government bailout that saw the US government take a 40% stake in the company, announced on Tuesday that it had actually posted a profit in the first two months of 2009. This news lifted the stock more than 35% and caused a US Dollar sell off in the Forex. The dollar is still considered a safe-haven and analysts took Tuesdays fall of the dollar as a sign of profit taking after the dollar has been on a charge the past three weeks. It is expected that the dollars fall will be short lived and as economic reporting around the globe continues to show a slowing, the Dollar will regain its appeal.

At 6:15GMT, the US Dollar was off 1/4 to the Euro at 1.2638, down .1% to the Yen to 98.81, down .3% to the Pound to 1.382, and down over 1% to the Canadian Dollar to 1.2881 and over 1 1/2% to the Australian Dollar to .6405. The dollar also fell to the New Zealand Dollar over 1 1/4% to .4988 and rose against the Swiss Franc to 1.164 in daily FX charts.