In very light London trading, the U.S. Dollar lost value against the Euro as well as a basket of major currencies today. Traders are actively reducing their long positions in the greenback before the end of the year, in what are the last two remaining trading days of 2008. According to a UBS currency strategist, investors don’t want to be exposed and in the wrong position as they head into a new fiscal year, so they’re actively clearing out their current positions.

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