The Euro is trading at 1.0725 at this writing.  The low has traded at 1.0686 while the high has traded at 1.0758.  The Euro is trading inside of a range between 1.0680 – 1.0760.  Earlier, data out of Europe included European Final CPI which beat expectations to register 0.1%.  European Final Core CPI was also better than expected recording 1.1%.  Markets are steady in the aftermath of the terrorist attacks in Paris this past Friday evening.  News updates have confirmed that approximately 129 persons lost their lives with more than 350 more persons injured.  These events have taken a bit of focus off of the financial markets as world leaders at the G20 summit meetings were swift to condemn the attacks and offer condolences to the French Republic for the reprehensible acts of violence and loss of life.  The Euro, by trading at the low of the day, has pressured the 7-month low versus the US Dollar.  It will be interesting to see what measures are taken as a follow-up to these violent acts as world leaders look to re-establish a calm certainty of their citizen’s safety world-wide.  In addition, how the markets will react is anyone’s guess as markets are now onlookers to whatever is going to be the response.

The British Pound is trading at 1.5196 at the moment.  Sterling has traded at a low of 1.5180 while the high has traded at 1.5232.  Like the Euro, Cable has softened throughout the course of this morning’s trading easing once again to dip below 1.5200.  This downside pressure is a result of recent comments from the Bank of England which stated they would be looking to keep interest rates at the lows for an extended period.  With Inflation targets likely to take longer than anticipated, Cable faces headwinds as efforts to maintain consistent growth will challenge different aspects of the economy.  Job growth has been lethargic but continues to see the UK unemployment rate make small improvements.  Where investors might have looked for a potential increase in interest rates in the past early part of the year, they now are doubtful that such an increase will happen anytime in the next 18 months.  The UK also faces a potential decision on whether they will continue to be members of the EU in that time period.  They are not likely to leave the EU but the uncertainty still remains.

The Japanese Yen is trading at 123.04 currently.  USD/JPY has traded as low as 122.22 while the high has traded at 123.13.  The US Dollar has gained versus the Yen today following the release of Japanese Preliminary GDP data which was lower than expected registering -0.2%.  The Japanese Preliminary GDP Price Index was better than expected posting 2.0%.  The weak Japanese GDP figure leads investors to wonder whether or not the stimulus program will be expanded upon in hopes of encouraging quicker growth taking place in the region.  This will be highlighted on Thursday following the next meeting of the BOJ.  The US Dollar will continue to pressure the upside as there are no significant Japanese data releases until then.

AUD/USD is trading at 0.7101 with the low being 0.7099 and the high being 0.7132.

USD/CAD is trading at 1.3318 with the low trading at 1.3289 and the high trading at 1.3335.


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.