The Euro is trading at 1.1163 at this writing.  The low has traded at 1.1159 while the high has traded at 1.1204.  The Dollar has traded inside the recent weekly range ahead of the release of critical US employment data.  This new jobs data will provide clarity for the Fed as it looks to raise interest rates before the year ends.  Initially the Euro found support today to encourage it to touch the high of the day before it eased back to current levels after highlighting the US economic data that will be released.  This has kept the US dollar inside of the recent range as uncertainty over the US jobs data causes curious speculation to stay range related.  Later this morning will see the release of the European PPI data which will allow for some movement ahead of the US jobs data which will be released later on.  This will be the only significant European data of note today so there could be some reaction to the release of this number.  However, the attention to the US jobs data will be the main focus of the markets today.

The British Pound is trading at 1.5157 at the moment.  Sterling has traded as low as 1.5127 while the high has traded at 1.5171.  Like the Euro, the Pound has traded inside of the recent trading range that is just above the recent low for Cable.  Attention will be focused on the US jobs data as the main piece of data in the market today.  However, UK Construction PMI registered 59.9 which is better than expected.  The Pound has moved very little in reaction to this recent number as investors stay sidelined ahead of the release of the US jobs data.  The release of this data is focal point of the financial markets today and will likely set the trend for trading as the week slowly draws to a close.  Next week will see the Bank of England make an updated rate announcement on UK rates.  This will be based on recent data which will likely see the BOE keep rates unchanged.  There is likely to be an inference to keeping growth in the UK progressing with a view to raising rates in the UK at some point in the near future.

The Japanese Yen is trading at 120.13 at present.  USD/JPY has traded as low as 119.77 while the high has traded at 120.16.  The US Dollar has firmed against the Yen today ahead of the US jobs data that will be release late this morning.  Japanese data was mixed today which ultimately gave the Dollar a little lift.  Japanese Household Spending beat expectations to register 2.9% while the Japanese Unemployment Rate ticked higher to register 3.4%.  As a result, the US Dollar has found support to cause it to trade higher ahead of the US jobs data that will be released later. 

AUD/USD is trading at 0.7033 with the low trading at 0.7011 and the high trading at 0.7055.

USD/CAD is trading at 1.3236 with the low being 1.3224 and the high being 1.3268.


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.