10th November 2010 FX Report
Compiled by the LiveTradingFloor Trader team
Forex Currency: EUR/USD
News: U.S. trade deficit widened to USD46.3 billion in August, driving the USD down and supporting the EUR.
3 month Comment: Consolidating
Open:1.3771
Price:1.3780
Forex Currency: GBP/USD
News: The GBP was supported as the USD stays weak.
3 month Comment: Consolidating
Open:1.5983
Price:1.5988
Forex Currency: USD/JPY
News: The Japanese government has no intervention on the yen appreciation, which speeded up liquidity inflows and the yen rebounded.
3 month Comment: Consolidating
Open:81.68
Price:81.80
Forex Currency: USD/CAD
News: Canada’s trade deficit unexpectedly narrowed to CAD1.3 billion in August, which underpinned the CAD.
3 month Comment: Consolidating
Open:1.0079
Price:1.0037
Forex Currency: USD/CHF
News: Investors expect Federal Reserve Chairman Ben Bernanke would give a speech on the quantitative easing policy tonight, which undermined the USD and supported the CHF.
3 month Comment: Consolidating
Open:0.9680
Price:0.9717
Forex Currency: AUD/USD
News: The Australian Finance Minister yesterday said the Aussie appreciation reflects its economic fundamentals, which supported the Aussie.
3 month Comment: Consolidating
Open:1.0035
Price:1.0046
Forex Currency: NZD/USD
News: The Kiwi fell as both U.S. equities and crude oil retreated yesterday.
3 month Comment: Consolidating
Open:0.7776
Price:0.7796
