The Euro is trading at 1.0968 at this writing.  The low has traded at 1.0940 while the high has traded at 1.0997.  The Euro has traded in a narrow range today as the trading week has gotten under way.  German Factory Orders were better than expected registering -0.1%.  Meanwhile, European Sentix Investor Confidence was lower than expected with 5.5 recorded.  With the US Dollar displaying buoyancy following the US jobs report released this past Friday, the Euro has eased back a bit.  This began just before the opening of the European session.   The selloff continued throughout the morning to trade at the low before finding support to remain at current levels.  There is no significant US economic data expected for release today.  Expect investors to hold a cautious view of the markets ahead of the ECB Rate Announcement and following Press Statement scheduled for this coming Thursday.  Speculation surrounds the possibility of the ECB making additional stimulus measures a reality.  Growth in the Euro zone has encountered headwinds and the central bank will want to enhance any chances of the region improving in its growth outlook.  The ECB has a variety of options it can use to create stimulus and this will be what investors will be looking out for. 

The British Pound is trading at 1.4172 at the moment.  Sterling has traded at a low of 1.4133 while the high has traded at 1.4225.  The Pound has given up ground to a slowly strengthening US Dollar today.  There has been no significant economic data released out of the UK today.  However, the US Dollar seems to have some support today in a follow-up to the US jobs data that was released this past Friday.  This data saw an additional 242K jobs added last month to the US economy while the US Unemployment Rate held at 4.9%.  Dollar gains are expected to be somewhat limited as investors remain cautious ahead of the ECB rate Announcement this coming Thursday.  The ECB is anticipated to announce stimulus measures to ensure a return to consistent economic growth in the Euro zone.  Consideration for the June 23 referendum is also affecting the strength of the Pound as well.  Attention to this event is expected to increase as the date gets closer with heavy focus directed to what effect on the UK economy either outcome may have.

The Japanese Yen is trading at 113.55 at present.  USD/JPY has traded at a low of 113.40 while the high has traded at 113.93.  The US Dollar has traded lower versus the Yen today where it opened at the high.  Japanese Leading Indicators were slightly lower than expected registering 101.4% when 101.6% was anticipated.  Comments made by BOJ Governor Kuroda today, highlighted some of the positive effects the current negative interest rate policy is having on the Japanese economy.  Key points included enhancing stock prices and lowering the value of the Yen as the economy slowly improves following months of anemic growth.   Tomorrow brings the release of updated Japanese GDP numbers along with other important economic figures.
AUD/USD is trading at 0.7424 with the low trading at 0.7392 and the high trading at 0.7429.
USD/CAD is trading at 1.3352 with the low trading at 1.3320 and the high trading at 1.3370.
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.