Foreign Exhcange Report 7th September 2010
Forex Currency: EUR/USD
News: As concern European banks will struggle to raise funds, damping the region’s economic outlook, and suppressed the euro.
3 month Comment: Bearish
Open: 1.2875
Price: 1.2808
Forex Currency:GBP/USD
News: Speculation that the Bank of England may increase asset purchases this week, which undermined the pound.
3 month Comment: Bearish
Open: 1.5395
Price: 1.5372
Forex Currency:USD/JPY
News: As global equities rose and market risk receded yesterday, and limited the upside of the yen.
3 month Comment: Consolidating
Open: 84.12
Price: 83.86
Forex Currency:USD/CAD
News: As global equities rose and market risk receded yesterday, and supported the CAD.
3 month Comment: Consolidating
Open: 1.0346
Price: 1.0377
Forex Currency:USD/CHF
News: As global equities rose and market risks receded yesterday, and limited the upside of the swiss franc
3 month Comment: Consolidating
Open: 1.0111
Price: 1.0092
Forex Currency:AUD/USD
News: Speculation that the Reserve Bank of Australia may keep interest rate unchanged, which limited the upside of the Aussie
3 month Comment: Bullish
Open: 0.9163
Price: 0.9143
Forex Currency:NZD/USD
News: Global equities rose and market risks receded yesterday, which supported the NZD.
3 month Comment: Bearish
Open: 0.7211
Price: 0.7225
