The Euro is trading at 1.1224 at the moment.  The low has traded at 1.1188 while the high has traded at 1.1260.  The Euro finds itself under pressure as a result of news that has broken this morning regarding terrorist bombings taking place in Brussels, Belgium.  There are bombing reports that explosions have taken place at Brussels airport and a metro station in the city.  These events have caused both the airport and metro system to be closed until further notice.  The US Dollar has made solid gains in the aftermath of these occurrences.  European economic data out this morning has been mixed.  This information stream began with the PMI numbers out of France and Germany.  French Flash Manufacturing PMI was lower than expected registering 49.6 while French Flash Services PMI beat expectations to record 51.2.  In like fashion, German Flash Manufacturing PMI was lower than expected with 50.4 posted while German Flash Services PMI was better than expected with 55.5 recorded.  German Ifo Business Climate followed beating expectations with 106.7 registered.  European Flash Manufacturing PMI met expectations with 51.4 recorded while European Flash Services PMI beat expectations recording 54.0.  German ZEW Economic Sentiment was lower than expected registering 4.3 while European ZEW Economic Sentiment was better than expected with 10.6 recorded.  Investors can expect more news about the Brussels bombings to dominate the news cycle and strongly influence the financial markets today.
 
The British Pound is trading at 1.4275 at this writing.  The low has traded at 1.4252 while the high has traded at 1.4397.  Cable has eased in the aftermath of the bombings that have rocked Brussels, Belgium this morning.  Additionally, disappointing UK inflation data has helped to keep the Pound depressed.  UK CPI was lower than expected with 0.3% registered while UK Core CPI met expectations with 1.2%.  UK PPI Input is lower than expected with 0.1% recorded while UK PPI Output is slightly better than expected with 0.1% recorded.  UK RPI met expectations with 1.3% while UK HPI is better than expected listing 7.9% as a 1% improvement over expectations.  UK Public Sector Net Borrowing was more than expected with 6.5 billion Pounds.  The Bank of England has set a target of 2.0% for inflation and this data is well below that target while borrowing is more than expected which is a disappointment.  As more information of the Belgium bombings is revealed the market remains soft with the US Dollar seen as a diversion in place of more risky currency options at the moment.
 
The Japanese Yen is trading at 111.62 at present.  The USD/JPY has traded at a low of 111.38 while the high has traded at 112.21.  Japanese Flash Manufacturing PMI was lower than expected with 49.1 registered while Japanese All Industries Activity was slightly better than expected with 2.0% listed.  The Yen has also strengthened following the news of the bombings in Brussels.  This is also seen as a risk-off trade.
 
AUD/USD is trading at 0.7604 with the low trading at 0.7551 and the high trading at 0.7621.
USD/CAD is trading at 1.3095 with the low trading at 1.3053 and the high trading at 1.3139.
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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.