The Euro is trading at 1.1335 at this writing.  The low has traded at 1.1327 while the high has traded at 1.1387.  The Euro has hovered near to its weekly low versus the US Dollar ahead of the release of the FOMC Meeting Minutes from the last meeting that was held.  Earlier this morning the German Industrial Production number beat expectations recording -0.5%.  Additionally, European Retail PMI was lower than the previous month with 49.2 registered.  This European economic data did not have much of an impact in allowing the Euro to recover some of the ground it recently had given up to the Dollar.  The Euro may struggle to gain support in the remaining days of this week with European data to be released in a sporadic fashion.  Investors may be focusing on data released out of the US as a means of looking for some sort of direction over the next few trading sessions.  There will also be comments made by a few members of the Fed including Fed Chair Janet Yellen who will speak tomorrow evening.  There will be added focus on these comments in order to get some sense of the where the Fed will be directing their attention in the coming months as they consider another Fed increase.

The British Pound is trading at 1.4008 at the moment.  Sterling has traded at a low of 1.4005 while the high has traded at 1.4170. In UK data released today, the BRC Shop Price Index was an improvement on the previous month with -1.7% recorded.  This was followed by the UK Housing Equity Withdrawal which was worse than expected with -9.5 billion Pounds recorded.  Tomorrow will bring one piece of significant UK economic data that will be released.  However, this information is not expected to change the recent weakness that the Pound has shown versus the US dollar.  Investors will be watching the comments of several Fed members following the release of the FOMC Meeting Minutes from the last Fed meeting.  Here is where investors will be looking to get some sort of idea what the Fed will be looking at as it tries to determine when the next interest rate increase is likely to take place.  This will be an indication of the sectors or points of data that will need to see some sort of improvement for the Fed to be drawn to act.

The Japanese Yen is trading at 110.40 at present.  USD/JPY has traded at a low of 110.29 while the high has traded at 110.64.  The US Dollar remained rooted near to the 17-month low versus the Yen after comment from Japanese Prime Minister Shinzo Abe hinted that the BOJ would not be swift to halt the increasing value of the Yen.  This statement contradicts previous remarks by BOJ Governor Kuroda on Tuesday which stated that he would act quickly by enacting stimulus measures to boost the economy if necessary.  The Dollar has remained lower versus the Yen with recent dovish comments from Fed chair Yellen seen as the reason for the recent US Dollar weakness.  The cautious approach by the Fed Chair was valid as global risks weigh on the progress of the US economy.

AUD/USD is trading at 0.7538 with the low trading at 0.7532 and the high trading at 0.7569.
USD/CAD is trading at 1.3161 with the low trading at 1.3123 and the high trading at 1.3186.
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.