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How Many Payrolls Could Affect EURUSD

By FX360,  May 31, 2012, 12:56:20 PM EDT

TODAY'S BIGGEST PERCENTAGE MOVERS

GBP/JPY -173 pips -1.42
CAD/JPY -128 pips -0.980
CHF/JPY -104 pips -0.845

THE STORIES IN THE CURRENCY MARKET

EXPECTATIONS FOR UPCOMING FED MEETINGS

CURRENT US INTEREST RATE: 0.25%
06/20 Meeting 07/31 Meeting
NO CHANGE 64.0% 63.4%
CUT TO 0.00% 36.0% 35.3%
HIKE TO 0.50% 0.0% 1.3%

HOW MAY PAYROLLS COULD AFFECT EURUSD

EUR: LIFTED BY IMF CONTINGENCY PLANS FOR SPAIN

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GBP: PMI MANUFACTURING REPORT ON TAP

AUD: MODEST RECOVERY DESPITE WEAKER DATA

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JPY: WATCH OUT FOR CHINESE PMI

USD/JPY: Currency in Play for Next 24 Hours




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



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