Bank of England will have to raise interest rates The People’s Bank of China announced to allow a more flexible currency rate.
Jun 18

Forex Market Report 18th June 2010

Forex Currency: EUR/USD 
News: In May, U.S. industrial production rose to  1.2%.
Comment: Bearish 
Open: 1.2378 
Current Price: 1.2371

Forex Currency: GBP/USD 
News: British government plans to abolish the Financial Services Authority, this undermined the pound. 
Comment:consolidating 
Open: 1.4813 
Current Price: 1.4821

Forex Currency: USD/JPY 
News: Yesterday, US equities fell and market risk improved. 
Comment:consolidating 
Open: 90.91 
Current Price: 90.77

Forex Currency: USD/CAD 
News: The Russian central bank has stated that it may add the aussie and loonie into its international reserves. 
Comment:consolidating 
Open: 1.0274 
Current Price:  1.0295

Forex Currency: USD/CHF 
News: Yesterday, US equities fell and market risk picked up 
Comment:consolidating 
Open: 1.1120 
Current Price:  1.1123

Forex Currency: AUD/USD 
News: The Russian central bank has stated that it may add the aussie and loonie into its international reserves. 
Comment:Bullish 
Open: 0.8671 
Current Price:  0.8670

Forex Currency: NZD/USD 
News: Yesterday US equities fell and market risk improved,this limited the upside of the kiwi. 
Comment:Bullish 
Open: 0.7043 
Current Price: 0.7034

No high impact news due to be released today.

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