10th June 2010 Foreign Exchange Report
Forex Currency: EUR/USD
News: Bernanke stated the U.S. recovery isn’t as strong as he prefers
Comment: Bearish
Open: 1.1984
Current Price: 1.2078
Forex Currency: GBP/USD
News: Speculation the central bank may keep the size of the stimulus plan
Comment: Consolidating
Open: 1.4536
Current Price: 1.4617
Forex Currency: USD/JPY
News in: Q1 Japan’s gross domestic product rose at an annual 5%
Comment: Consolidating
Open: 91.31
Current Price: 91.41
Forex Currency: USD/CAD
News: Yesterday, crude oil prices rose sharply
Comment: Consolidating
Open: 1.0443
Current Price: 1.0315
Forex Currency: USD/CHF
News: Yesterday, upside to CHF on speculation that the Swiss National Bank might intervene the franc.
Comment: Consolidating
Open: 1.1480
Current Price: 1.1425
Forex Currency: AUD/USD
News: In May, Australia’s employment recorded a 26,900 of gain and unemployment rate fell from 5.4% to 5.2%.
Comment: Consolidating
Open: 0.8279
Current Price: 0.8469
Forex Currency: NZD/USD
News: New Zealand’s central bank raised interest rate by 25bps to 2.75%.
Comment: Consolidating
Open: 0.6715
Current Price: 0.6855
Due for release today is the GBP Asset Purchase Facility, GBP Official Bank Rate. EUR Minimum Bid Rate, CAD Trade Balance, EUR ECB Press Conference and USD Trade Balance, USD Unemployment Claims.
