Forex Market Reports 2nd February 2011
EUR/USD
News: The Euro was supported as the USD was undermined by the U.S. Fed’s rate statement with economic view being less optimistic than expected.
3 month comment: Consolidating
Open: 1.3827
Close: 1.3829
GBP/USD
News: The pound was supported as the previous rate minutes of Bank of England showed two members voted for a rate hike
3 month comment: Bearish
Open: 1.6139
Close: 1.6221
USD/JPY
News: The yen’s upside was limited as the Treasury yield rose yesterday and the U.S.-Japan yield gap widened.
3 month comment: Bearish
Open: 82.34
Close: 81.42
USD/CAD
News: The Loonie was strengthened as crude oil bounced back sharply yestesrday.
3 month comment: Bullish
Open: 0.9900
Close: 0.9875
USD/CHF
News: The swiss franc was weakened as both global equities and commodity prices rebounded yesterday.
3 month comment: Consolidating
Open: 0.9351
Close: 0.9354
AUD/USD
News: The Aussie was supported as both global equities and commodity prices rebounded yesterday.
3 month comment: Bearish
Open: 1.0109
Close: 1.0107
NZD/USD
News: The Kiwi was underpinned by the rate statement of the New Zealand’s central bank that the economic view was more positive than the previous.
3 month comment: Bearish
Open: 0.7809
Close: 0.7815
