The Euro is trading at 1.1208 at the moment.  The low has traded at 1.1169 while the high has traded at 1.1216.  The Euro has recovered all of the ground it lost earlier this morning after touching the low.  A reasonably aggressive rally has seen the currency move off of the low to trade at the high before easing back slightly.  European M3 Money Supply met expectations with 5.0% recorded.  European Private Loans beat expectations to register 1.6%.  Despite this favorable economic data today, investors will be focusing on the speech that Fed Chair Janet Yellen will deliver later in the day.  There is keen interest in exactly what she will highlight while investors look for hints of when the next rate hike will take place in the US.  With mixed data out of the US released just yesterday, it is with guarded uncertainty that investors will focus so intently on Yellen’s speech as the US has seen reasonably good economic numbers as of late.  The US jobs market has made steady progress recording solid gains each month.  The next US jobs report is out on Friday.  You can be sure that there will be huge interest in these numbers.

The British Pound is trading at 1.4296 at this writing.  Sterling has traded at a low of 1.4194 while the high has traded at 1.4308.  There has been no significant UK economic data released today.  However, the Pound has seen a nice rally from off of its low moving up to then touch the high of the day.  This rally has exceeded the high made yesterday.  The Pound will likely remain under pressure in the longer term despite the rally seen today with fears of a “Brexit” continuing to loom heavily.  There will be more important UK data released on Thursday and Friday of this week with UK Final GDP and UK Manufacturing PMI amongst the numbers.  This data is unlikely to cause any changes in current UK monetary policy with interest rates expected to remain at the current lows.  However, investors will be hoping that any new data reveals growth taking place in the UK economy.  This will help to abate the drive of the “Brexit” supporters who will be influenced by a depressed economy.  Prime Minister Cameron has already stated that he believes the UK economy will suffer if the UK ends its EU membership causing significant job losses in the process.

The Japanese Yen is trading at 113.44 at present.  USD/JPY has traded at a low of 113.23 while the high has traded at 113.80.  The US Dollar has managed to hold on to gains today with a mixture of Japanese data released.  Japanese Household spending was better than expected with 1.8% registered.  However, Both Japanese Retail Sales and the Japanese Unemployment Rate disappointed with 0.5% and 3.3% registered.  The Unemployment Rate moving up 0.1% from previous represents a worsening situation.  Meanwhile, Retail Sales were quite a bit lower than expected.

AUD/USD is trading at 0.7528 with the low trading at 0.7510 and the high trading at 0.7571.
USD/CAD is trading at 1.3166 with the low trading at 1.3153 and the high trading at 1.3217.
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.