The Euro is trading at 1.1026 at the moment.  The low has traded at 1.1005 while the high has traded at 1.1068.  The Euro holds reasonably steady following a few bits of European data and ahead of a host of influential US economic figures out later today.  French Consumer Spending met expectations registering 0.6%.  French Preliminary CPI was lower than expected recording 0.2%.  Spanish Flash CPI is also lower than expected with -0.8% recorded.  After pushing on to touch the high today, the Euro more recently has subsequently eased rather steadily to trade at current levels.  Investors now divert their attention towards the host of US economic data scheduled for release later this morning.  Key US GDP updates and US Personal Spending and Income data will be amongst the highlights.  However, the key mover of the currency markets this week was the focus on the coming referendum vote on Britain’s continued membership in the European Union scheduled for June 23 later this year.  Both the Euro and the Pound have realized pressure to the downside as a result of concerns over which way this vote will go.  Investors can be certain that this topic will gather more importance as the referendum date approaches with the markets reflecting the concerns by displaying increasing volatility.

The British Pound is trading at 1.3975 at this writing.  Sterling has traded as low as 1.3941 while the high has traded at 1.4042.  Sterling initially made a dip towards the low in the Asian session before rallying to then touch the high earlier in the European session.  With the upside seen as capped, Cable has retreated back towards current levels with investors now focusing on US economic data scheduled for release later this morning.  During the Asian session, UK Gfk Consumer Confidence was lower than expected posting a zero when 3 was anticipated.  This did little to halt the rally that was seen during the Asian session.  Clearly, the referendum announced to take place later this year on June 23 has been the most important information that was released this week.  This announcement placed immediate pressure on the Pound and highlighted the fact that an exit from the EU will be considered by some of the participant who will be voting.  A leading figure in this cause will be London Mayor Boris Johnson whose profile raises the stakes by giving those in favor of an exit some legitimacy.  However this also raises the level of concern as the two opposing sides make their cases for consideration. 

The Japanese Yen is trading at 112.85 at present.  USD/JPY has traded at a low of 112.56 while the high has traded at 113.22. There were 3 important Japanese CPI numbers released today.  Tokyo Core CPI and BOJ Core CPI were both lower than expected with -0.1% and 1.1% respectively.  Meanwhile, Japanese National Core CPI was better than expected registering 0.0%.  This information has encouraged the USD/JPY range today with the US Dollar easing after the release of the data to touch the low before recovering to trade at current levels.
AUD/USD is trading at 0.7207 with the low trading at 0.7201 and the high trading at 0.7257.
USD/CAD is trading at 1.3542 with the low trading at 1.3504 and the high trading at 1.3550.
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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.