The Euro is trading at 1.1258 at this writing.  The Euro has traded as low as 1.1240 while the high has been 1.1331.  The US Dollar has recovers some of the ground it lost yesterday as investors look forward to the US economic data that is to be released this morning.  This data which includes the US Retail Sales numbers from the preceding month will give investors a better overview of the state of the US economy in terms of where it may be in the current growth cycle.  The Euro probably slipped a bit due to limited economic data being released out of the region.  French final Non-farm Payrolls registered 0.0% slightly beating expectations.  French CPI was slightly below expectations registering 0.2%.  Also weighing into the picture is the strengthening possibility of a resolution to the current Greek debt situation that is required before the current agreement expires at the end of this month.  The Greek Prime minister has committed to working “intensively” with its creditors to prevent the chance of defaulting at the end of the month.  Therefore a new cash-for-reforms deal must be agreed in advance of the current deal expiring.

The British Pound is trading at 1.5467 at present.  Sterling has traded as low as 1.5429 while the high has been 1.5529.  Like the Euro, Sterling has also eased versus the US Dollar today with the Dollar firmer against the major currencies following the broad sell it experienced yesterday.  During the Asian session, UK RICS House Price Balance was slightly lower than expected registering 34%.  With little additional major economic data scheduled for release today, focus has moved towards the US economic data that is to be released later this morning.  This data will clarify the progress of the US economy as it continues to strive for consistent growth.  Additionally, the Greek debt situation remains uncertain although comments from the Greek Prime Minister Tsipras announced his commitment towards reaching a new agreement before the current bailout agreement expires at the end of this month.  Economic data out of the UK tomorrow will include UK Construction Output which will be a further indicator of recent progress economically.

The Japanese Yen is trading at 123.66 at the moment.  USD/JPY has traded as low as 122.61 while the high has been 123.80.  The US Dollar has firmed collectively against the other major currencies today with the Yen softening as well.  The Japanese BSI Manufacturing Index disappointed to register -6.0 instead of 3.2 which was expected. This weak Japanese data actually encouraged a rally from the greenback which had made its gains before the Asian session ended.  As a result the US Dollar remains poised towards the upside ahead of the release of the US economic data out later this morning.

AUD/USD is trading at 0.7731 with the low being 0.7706 and the high being 0.7793.

USD/CAD is trading at 1.2309 with the low being 1.2252 and the high trading at 1.2322.


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.