Forex Market Report 18th August 2010
Forex Currency: EUR/USD
News: The well-received bond auctions in Ireland and Spain supported the Euro.
Comment: Bearish
Open: 1.2872
Price: 1.2839
Forex Currency: GBP/USD
News: U.K Consumer Price Index (CPI) year-on-year growthin July slowed down to 3.1%, which weakened the pound.
Comment: Consolidating
Open:1.5573
Price: 1.5521
Forex Currency: USD/JPY
News: Global equities climbed yesterday and market risks receded, which suppressed the yen.
Comment: Consolidating
Open:85.57
Price: 85.43
Forex Currency: USD/CAD
News: The takeover news supported the loonie’s trend yesterday.
Comment:Bullish
Open:1.0328
Price: 1.0334
Forex Currency: USD/CHF
News: Global equities climbed yesterday and market risks receded, which suppressed the Swiss franc.
Comment: Consolidating
Open:1.0434
Price: 1.0443
Forex Currency: AUD/USD
News: The Reserve Bank of Australia hinted in the previous rate review minutes that the rate hike cycle would be halted, which limited the Aussie’s upside.
Comment:Bearish
Open:0.9054
Price: 0.9014
Forex Currency: NZD/USD
News: Global equities rose yesterday and market risks receded, which underpinned the kiwi.
Bearish
Open: 0.7120
Price: 0.7107
Due for release today is the GBP MPC Meeting Minutes and the NZD PPI Input q/q.
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