Foreign Exchange Report 16th June 2010
Forex Currency: EUR/USD
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Bearish
Open: 1.2323
Current Price: 1.2328
Forex Currency: GBP/USD
News: BOE will have to raise interest rates
Comment: Consolidating
Open:1.4800
Current Price:1.4804
Forex Currency: USD/JPY
News: Moody’s Investors Service lowered Greece’s credit rating to non-investment grade
Comment: Consolidating
Open:91.51
Current Price:91.56
Forex Currency: USD/CAD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Consolidating
Open:1.0250
Current Price:1.0249
Forex Currency: USD/CHF
News: In May, Switzerland’s producer and import prices rose 1.4%
Comment: Consolidating
Open:1.1336
Current Price:1.1289
Forex Currency: AUD/USD
News: The mix performance of crude oil prices and U.S.Equities, reduced potential of the loonie
Comment: Bullish
Open:0.8645
Current Price:0.8647
Forex Currency: NZD/USD
News: In May REINZ house sales dropped 17.2% (YoY)
Comment: Bullish
Open:0.6981
Current Price:0.6952
Due for release today is the GBP Claimant Count Change, USD Building Permits, USD PPI m/m, GBP BOE Gov King Speaks and USD Fed Chairman Bernanke Speaks.
