The Euro is trading at 1.1168 at this writing.  The low has traded at 1.1152 while the high has traded at 1.1229.  The Euro has traded mixed today as investors view the coming Fed meeting with a sense of growing uncertainty.  The Euro initially gained support after traders reflected upon comments made by the ECB last week highlighted that they could be adding to the current QE program.  This view was taken as inflation risks have grown following a slowdown in China and falling oil prices.  European data out today included the German Trade Balance which beat expectations with a larger surplus than anticipated of 22.8 billion Euros.  French Government Budget Balance showed an larger than expected deficit of -79.8 billion Euros while the French Trade balance was slightly wider than expected with a deficit of -3.3 billion Euros.  European Revised GDP is better than expected with 0.4% registered.  In late Asian trading the Euro rallied to its high of the day before easing back to touch the lows once the European data was released.  Investors will now be looking at all new data out of the US to get some idea of what the Fed may be doing at their next meeting with chances for an increase in rates looking increasingly uncertain.

The British Bound is trading at 1.5374 at the moment.  Sterling has traded as low as 1.5264 while the high has traded at 1.5404.  With the Bank of England meeting this week, Investors anxiously await any update in their next policy statement that will give some indication what will happen with interest rates in the UK.  The UK BRC Retail Sales Monitor disappointed by registering -1.0%.  However, this data did little to slow support for the Pound this morning as it recovered quite a bit from off of its recent lows.  Investors are also looking ahead to the coming Fed meeting and their announcement on interest rates in the US.  Uncertainty is thriving as recent global events such as the slowdown in China have helped to raise doubt over a rate hike at the next Fed meeting later this month.  Today, Sterling has also made gains versus the Euro as it too has softened today.  Tomorrow will bring us UK Production numbers and updated UK Trade Balance figures to clarify how UK growth is progressing.

The Japanese Yen is trading at 119.92 at present.  USD/JPY has traded at a low of 118.85 while the high has traded at 120.23.  The US dollar gained versus the Yen in trading today despite some positive Japanese data being released.  Japanese Current Account was 1.32 trillion Yen beating expectations.  Japanese Final GDP was slightly better than expected recording -0.3% with -0.4% anticipated.  Japanese Bank Lending improved to 2.7% at this release.  However, Japanese Final GDP Price Index was slightly lower than expected with 1.5% while Japanese Economy Watchers Sentiment was lower than expected with 49.3.  The US dollar remains poised towards the upside at this point although it is trading lower than its high of the day.  This is in part a result of continued uncertainty with China?s economic slowdown which seems in full effect at present.

AUD/USD is trading at 0.6984 with the low being 0.6921 and the high being 0.6987.

USD/CAD is trading at 1.3234 with the low trading at 1.3227 and the high trading at 1.3308.

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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.