The Euro is trading at 1.1358 at the moment.  Euro has traded as low as 1.1230 while the high has been 1.1380.  The Euro has gained a bit more ground on the US Dollar this morning ahead of the Bank of England Rate announcement.  The Greek debt situation helped the Euro after the Greek Prime Minister saw chances of a new agreement improve although there is still lots of to be considered.  Greece will make its payment to its creditors tomorrow but a new agreement is being sought that would ease pressure on the country that is feeling the weight of strict austerity measures imposed by its EU creditors.  Additionally, European Retail PMI registered 51.4 which is an improvement on the previous month.  This was the only significant piece of European economic data that was released this morning.  The Euro remains poised towards the upside ahead of weekly US jobs data.  The monthly US jobs data is actually out tomorrow so this is likely to take more of the focus.  The information today will help to indicate the trend which has shown improvement in recent months.

The British Pound is currently trading at 1.5385.  Sterling has traded as low as 1.5303 while the high has been 1.5441.  The Bank of England voted to keep Rates unchanged at 0.5% and maintain its current Asset Facility Purchases of 375 billion Pounds.  Following the gains that the Pound made earlier this morning, the currency has eased back from off of its highs now that the data has been released.  Early in the European session, UK Halifax HPI registered -0.1% which is lower than expected.  However, in the lead up to the Bank of England Rate announcement Sterling found good support that helped it to touch the high of the day.  Right now the market is trading mixed with traders looking ahead to the US jobs data that will be released tomorrow.  These numbers will update everyone on the current state of the US jobs market and possibly help give clearer indication what the Fed may do regarding interest rates in the latter part of this year.

The Japanese Yen is trading at 124.22 at present.  USD/JPY has traded as low as 123.78 while the high has been 124.57.  There has been no significant economic data released out of Japan today.  Consequently, the yen has traded mixed throughout the current range.  Leading Indicators will be released out of the region tomorrow to conclude our Japanese data for this week.  But the biggest impact could be the US Jobs data out tomorrow which will draw from all investors as this number gives direct indication of the progress in the US economy.

AUD/USD is trading at 0.7723 with the low being 0.7708 and the high being 0.7787.

USD/CAD is trading at 1.2467 with the low trade being 1.2436 and the high being 1.2490.


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.