The Euro is trading at 1.0887 at the moment.  The low has been 1.0885 while the high has been 1.0981.  The US Dollar continues to advance against its peers with good data and sound rhetoric advocating for the support it is getting.  With no economic data scheduled for release today out of Europe, the strong US Dollar trend that has taken place over the past week or so continues to persist.  Uncertainty with the Greek debt situation has enhanced the firming Dollar.  As long as the Greek debt situation remains unresolved, the Euro will continue to be put under pressure.  At the moment, there is no sign that the end of the debacle is near.  The situation just appears to be evolving with very little forward progress being made.  The main reason why the situation doesn?t seem to change is because Greece is certain it doesn?t want to live under the thumb of the austerity measures that seem to be heavily weighing on its chances to grow economically.  Greece is obligated to its borrowers and it wants to change some of the constraints of its obligations.  This is heavily scrutinized by the EU ministers weighing in on the situation.  Thus the debacle continues.

The British Pound is trading at 1.5378 currently.  Sterling has traded as low as 1.5359 while the high has been 1.5475.  Earlier this morning, UK CBI Realized Sales surprisingly impressed traders by registering 51 when expectations were looking for 18.  With this data considered to have a low impact, the US Dollar continued to perform strongly following the release of the number.  At the moment, the US Dollar remains poised towards the downside with Cable looking ever more vulnerable.  Sound Data out of the US this morning has enhanced the strength of the Dollar.  US Core Durable Goods Orders met expectations registering 0.5% while US Durable Goods Orders was slightly worse than expected posting -0.5%.  This data has not slowed the progress of the Dollar which went on to touch the low of the day before retreating a bit.  No significant economic data is scheduled for release out of the UK tomorrow so the Dollar has a good chance of holding on to its advances..

The Japanese Yen is trading at 123.11 presently.  USD/JPY has traded as low as 121.50 while the high has been 123.29.  Japanese SPPI beat expectations to register 0.7%.  However, this positive number has not caused the Dollar to taper its advancement today.  The economic data out of the region continues to support the view that the Japanese economy is slowly moving in the right direction.  The question that remains concerns how long it will continue.  At the moment, things seem to be moving forward with slow improvements taking place.  The Japanese are keen to maintain this progress.

AUD/USD is trading at 0.7760 with the low being 0.7752 while the high has been 0.7840.

USD/CAD is trading at 1.2416 with the low being 1.2304 and the high being 1.2421.


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.