The Euro is trading at 1.1313 at the moment.  The low has been 1.1284 while the high has been 1.1360.  The week has started in typically slow fashion as the Euro has recovered some of the ground it lost last week following the release of the US Unemployment data which showed continued growth in hiring in the US.  From off of the low which traded during the Asian session, the Euro has held above 1.1300 since pushing higher earlier today.  The German Trade Balance registered larger than expected surplus of 21.8 billion Euros while the European Sentix Investor Confidence registered much better than expected with 12.4.  Despite these encouraging numbers, the Euro softened a bit following touching the high of the day.  With little significant economic data out of the US today, geopolitical topics come to the forefront with situations in the Ukraine and Middle East prominent.  European data out later this week includes Industrial Production and GDP numbers out of the region which is sure to make it an interesting week.

The British Pound is trading at 1.5222 at present.  Sterling has traded at a low of 1.5205 while the high has been 1.5267.  There has been no major economic data released out of the region today which explains why the pound has remained in a reasonably tight range.  After trading at the highs earlier in the European session, Cable has softened and remains poised towards the lower side of the range today.  As previously stated, geopolitics leads the focus as the week has begun trading.  Europe is seeking a peaceful resolution to the current unrest in Ukraine and meetings with Russian President Putin are being held to achieve that exact result.  At the same time, coalition forces fighting in the Middle East have stepped up their attacks on ISIS with Jordan prominent in leading such an initiative.  Looking ahead to the UK data expected this week sees production figures highlighted earlier in the week while inflation takes the focus towards the end of the week.

The Japanese Yen is trading at 118.55 currently.  USD/JPY has traded as low as 118.44 while the high has been 119.10.  The greenback has softened versus the Yen as trading has progressed today.  Japanese Current Account registered 0.98 trillion Yen which is higher than expected.  In addition, Bank Lending registered 2.5%.  Japanese Consumer Confidence and Economy Watchers Sentiment were both lower than expected with 39.1 and 45.6 respectively.  Despite these numbers being generally worse than expected, the Yen has firmed as market sentiment seemed to believe the US Dollar had been over bought.  This sentiment helped to encourage the US Dollar lower over the course of the day.  Even now, the Dollar remains positioned around the lower end of the range today.  Looking ahead this week sees Japan off with a bank holiday on Wednesday with trading continuing on Thursday.

AUD/USD is trading at 0.7811 with the low being 0.7747 while the high has been 0.7822.

USD/CAD is trading at 1.2503 with the low being 1.2481 while the high has been 1.2540.


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.