The Euro is trading at 1.0821 at present.  The low has been 1.0800 while the high has been 1.0896.  The US Dollar has gained a bit more ground versus the Euro today after data released this morning weighed on the Euro.  German Import Prices rose by 1.4% which is more than what was expected.  Additionally, Italian retail sails met expectations to register 0.1%.  The US Dollar move which began yesterday continued during the Asian session and into the early European session.  This move was likely due to the fact that the recent US Dollar losses were oversold and gains today recovered some of the losses in recent declines.  Data out of the US yesterday continued to encourage the Dollar while a resolution to the Greek situation gave the Dollar further support.  Looking ahead will bring into focus US GDP data that is scheduled to be released this morning with a 2.4% increase expected.  The dollar will sell off again if the data reveals a rate below this expectation.  Fed Chair Yellen will speak later this afternoon.  Her comments are expected to provide further clarity on the view of the Fed in the current economic climate.

The British Pound is trading at 1.4878 at the moment.  Sterling has seen a low of 1.4796 while the high has been 1.4886.  The Pound is trading near the high of the day despite earlier released data which failed to meet expectations.  The UK Nationwide HPI registered 0.1% after 0.2% was expected.  The Pound looks well supported at this point with it hovering just off of the high of the day.  An uptick in recent poll numbers for British Prime Minister Cameron may be influencing this current small rally as well.  Markets gravitate towards a stable environment to do business and this uptick in the numbers will be seen as supportive to the current market.  Next week will see the release of current UK GDP numbers.  The anticipation that the UK economy is still experiencing growth around the level of at least 0.5% is widely anticipated and this should help Sterling to consolidate.

The Japanese Yen is trading at 119.38 at the moment.  USD/JPY has seen a low of 119.06 while the high has been 119.49.  There was quite a bit of significant economic data released out of Japan today.  Tokyo Core CPI met expectations with 2.2% while Japanese National Core CPI was lower than expected registering 2.0%.  The Japanese Unemployment Rate remained unchanged at 3.5%.  Japanese Household Spending was -2.9% which was an improvement over the -3.1% that was expected.  Finally, Japanese Retail Sales disappointed with -1.8% which was worse than expected.  This mixture of important data has not had much effect on the currency today with the ranges quite tight despite the numbers.  The US dollar remains poised towards the upside of the range.

AUD/USD is trading at 0.7798 with the low being 0.7775 while the high has been 0.7835.

USD/CAD is trading at 1.2491 with the low being 1.2467 while the high has been 1.2529.


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.