Closing the afternoon session at 106 contracts traded. Argentina has been the big gainer on the day, with German dropping behind Spain.

Updated levels below, 3x3 for on-the-wire trades. Larger trades require a quick check of outstanding exposures.

	Long	Short
Brazil	3.60	3.10
Argentina	2.60	2.10
Spain	2.00	1.50
Germany	1.80	1.30
Belgium	0.80	0.30
France	0.80	0.30
Colombia	0.80	0.30
Italy	0.60	0.20
Uruguay	0.60	0.20
Portugal	0.50	0.10
England	0.50	0.10
Holland	0.50	0.10
Chile	0.50	0.10
Russia	0.50	0.10
Switzerland	0.20	0.02
Ecuador	0.10	0.01
Bosnia	0.10	0.01
Ivory Coast	0.10	0.01
Japan	0.10	0.01
Croatia	0.10	0.01
Ghana	0.10	0.01
Greece	0.10	0.01
Mexico	0.10	0.01
South Korea	0.10	0.01
USA	0.10	0.01
Nigeria	0.10	0.01
Cameroon	0.10	0.01
Algeria	0.10	0.01
Honduras	0.10	0.01
Australia	0.10	0.01
Costa Rica	0.10	0.01
Iran	0.10	0.01