The Euro is trading at 1.1256 at the moment.  The low has traded at 1.1251 while the high has traded at 1.1330.  The Euro has eased this morning after recent comments from the ECB about increasing its QE program have started to have an effect on the currency.  This is a slight change in focus for investors who have recently been focusing on what the Fed might have done with interest rates in the US.  With the decision made last week, investors get a chance to focus on other things happening in the market.  Over the weekend, Greek elections have returned Tsipras to power to form a new government in the country.  This is the second election he has won in less than 9 months.  Earlier this morning, German PPI was lower than expected registering -0.5%.  This data shows that inflation is well contained in Germany at the moment.  Looking ahead, there will be a wide amount of economic data released this week which should encourage volatility in the markets.  Investors will be looking for signs of consistent growth occurring in Europe and the US while Asia still remains vulnerable following the Chinese devaluation of the Yuan. 

The British Pound is trading at 1.5525 at present.  Sterling has traded as low as 1.5504 while the high has traded at 1.5568.  During the Asian session, UK Rightmove HPI was released revealing 0.9% which is a healthy improvement on what was released in the previous month.  This encouraging data has not inspired the Pound to push higher.  Cable has actually eased a bit towards the lower end of the current range.  With the Fed decision on rates last Thursday, the uncertainty that captivated the financial markets has waned a bit.  The Dollar has been able to regain support and begins this trading week on firmer footing after easing a bit following the rate announcement.  The UK economy is looking to continue to produce consistently improving economic figures as it begins to focus on a possible rate hike in that region.  Recent UK data seems to support continued growth despite other global situations highlighting the need for caution.  Although there will be new UK data being released this week, a lot of it will probably have a lower impact for the market.

The Japanese Yen is trading at 120.48 at this writing.  USD/JPY low has traded at 119.72 while the high has traded at 120.57.  Japan is out with a bank holidays being observed until Wednesday of this week.  However, the Dollar has been able to find support as the trading week has gotten underway.  Caution over the recent Chinese Yuan devaluation has subsided a bit which has enhanced the rise of the Dollar in Asia.  Expect data that is being released from other regions to have bearing on how the Yen progresses while Japan is observing the holidays.  Efforts to encourage consistent economic growth in the region continue to be pursued by the BOJ so expect this standard to continue.

AUD/USD is trading at 0.7167 with the low being 0.7152 while the high has been 0.7197.

USD/CAD is trading at 1.3183 with the low trading at 1.3176 while the high has traded at 1.3230.


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.