The Euro is trading at 1.1398 at this writing.  The low has traded at 1.1357 while the high has traded at 1.1413.  The Euro has eased a bit this morning after the release of the US jobs report that was out this past Friday.  The data was slightly better than expected and helped lift the US Dollar which was experiencing its worst week in the past 2 months.  In European data out this morning, the Spanish Unemployment Change beat expectations with -58.2K recorded.  European Sentix Investor Confidence was worse than expected with 5.7 registered.  The European Unemployment Rate remained unchanged at 10.3% which was expected.  However, European PPI was lower than expected with -0.7% recorded.  Looking ahead, European Services PMI data will be released tomorrow.  This will be important information as investors look to see if the European economy is showing any signs of improvement.  Assisting the advancement of the US dollar today is the fact that oil prices are also lower today where crude oil is trading just under $37.0o at the moment.  Look for US Trade Balance numbers scheduled for release tomorrow.  This will have an impact on the progress the Dollar is making in the short term.

The British Pound is trading at 1.4311 at the moment.  Sterling has traded at a low of 1.4190 while the high has traded at 1.4320.  Cable has experienced a small rally since trading at its low earlier today.  It is now poised just off of the highs despite the release of UK Construction PMI which was slightly lower than expected recording 54.2.  Earlier this morning, the Pound touched its low of the day as the US Dollar made gains in the aftermath of the US jobs report that was released on Friday.  The US Non-Farm Payrolls number was better than expected registering 215K jobs last month.  However, investors are also aware of the comments made by Fed Chair Janet Yellen who hinted that the Fed will probably remain cautious about raising interest rates again as global headwinds are still having a huge influence on the financial markets.  Looking ahead, there will be sporadic economic information and data out of the UK this week with the highlight of this information released this coming Friday with the Manufacturing and Industrial Production numbers out of the UK as well as the UK Goods Trade balance.

The Japanese Yen is trading at 111.54 at present.  USD/JPY has traded at a low of 111.32 while the high has traded at 111.80.  The Dollar appears to be reasonably steady versus the Yen as the trading week has gotten underway.  The Japanese Monetary Base was lower than expected after the data released this morning reveal 28.5%.  This was the only significant piece of Japanese economic data released today.  The Yen shows that is has held on to the strong gains it made last week following the dovish comments made by Fed Chair Janet Yellen on further US interest rate increases.  Expectations for more increases in the near term were consequently pushed back.

AUD/USD is trading at 0.7627 with the low trading at 0.7604 and the high trading at 0.7678.

USD/CAD is trading at 1.3048 with the low trading at 1.3021 and the high trading at 1.3082.

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This information has been prepared to provide you with general information only. It is not intended to take the place of professional advice and you should not take action on specific issues in reliance on this information.