Forex Market Report 16th August 2010
Forex Currency: EUR/USD
News: U.S. initial jobless claims unexpectedly bounced back, prompting market risks pick-up, which supported the USD and suppressed the euro.
Comment: Consolidating
Open: 1.2751
Current Price: 1.2793
Forex Currency: GBP/USD
News: Market risks climbed yesterday and the greenback rebounded, which drove the pound down.
Comment: Bullish
Open: 1.5589
Current Price: 1.5614
Forex Currency: USD/JPY
News: On investors’ concern that the Japanese government may intervene the yen appreciation, the yen was suppressed.
Comment: Consolidating
Open: 86.18
Current Price: 85.85
Forex Currency: USD/CAD
News: A well-known fund manager pointed out that he may add the exposure of the CAD bonds, which strengthened the loonie.
Comment: Bearish
Open: 1.0414
Current Price: 1.0385
Forex Currency: USD/CHF
News: As global equities fell yesterday, market risk rebounded and the Swiss Franc was underpinned
Comment: Consolidating
Open: 1.0509
Current Price: 1.0493
Forex Currency: AUD/USD
News: As global equities fell yesterday, market risk rebounded and the Aussie was undermined
Comment: Consolidating
Open: 0.8926
Current Price: 0.8927
Forex Currency: NZD/USD
News: New Zealand’s retail sales rose 0.9% in June and the kiwi was supported
Comment: Bullish
Open: 0.7048
Current Price: 0.7053
Due for release today is the USD TIC Long-Term Purchases and the AUD Monetary Policy Meeting Minutes.
