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Some Help From ECB Please

By FX360,  May 24, 2012, 12:46:15 PM EDT

TODAY'S BIGGEST PERCENTAGE MOVERS

EUR/NZD -101 pips -0.68
EUR/AUD -67 pips -0.52
USD/CHF +45 pips +0.48

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 60.0% 59.6%
CUT TO 0.00% 40.0% 39.2%
CUT TO 0.50% 0.0% 1.2%
CUT TO 75BP 0.0% 0.0%

SOME HELP FROM ECB PLEASE

USD: SUPPORTED BY BETTER LABOR DATA

GBP: Q1 GDP REVISED DOWNWARDS

NZD: TRADE BALANCE FALLS SHORT

JPY: RISK AVERSION OVERSHADOWS DOWNGRADE

USD/JPY: Currency in Play for Next 24 Hours

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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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