Due for release today there is the CHF KOF Institute Economic Forecast, USD Durable Goods, USD Durable Goods Ex Transportation and USD New Home Sales.
By Greg Secker
Sep 25
The Euro is showing strength today and is currently up from its open and hovering around the 1.4701 level. Yesterday, Sterling slumped against most currencies, as FX traders took in Bank of England governor Mervyn King’s comments suggesting that a weaker Sterling could help the UK recalibrate its economy, driving the pound to a five-month low of €1.09 against the euro and $1.6023 against the dollar. This morning GBP/USD is showing further weakness and has currently dropped to around the 1.6014 mark. This morning the JPY has dropped rapidly and is currently bouncing around the 90.54 level.
