USD: Benefitting from Increased Uncertainty
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TODAY'S BIGGEST PERCENTAGE MOVERS
THE STORIES IN THE CURRENCY MARKET
- USD: BENEFITTING FROM INCREASED UNCERTAINTY
- EUR: SOVEREIGN DEBT CRISIS RETURNS WITH A VENGEANCE
- GBP: FIRST LOOK AT RETAIL SALES
- AUD: HIT BY CHINESE DATA AND RISK AVERSION
- NZD: GOLD UP, OIL DOWN
- CAD: QUIET MAY DAY
- JPY: BOJ COMMENTS AND WEAK DATA REFLECT EARTHQUAKE IMPACT
EXPECTATIONS FOR UPCOMING FED MEETINGS
| CURRENT US INTEREST RATE: 0.25% | ||
|---|---|---|
| 06/22 Meeting | 08/09 Meeting | |
| NO CHANGE | 58.0% | 52.6% |
| CUT TO 0BP | 42.0% | 47.4% |
| HIKE TO 50BP | 0.0% | 0.0% |
USD: BENEFITTING FROM INCREASED UNCERTAINTY
EUR: SOVEREIGN DEBT CRISIS RETURNS WITH A VENGEANCE
GBP: FIRST LOOK AT RETAIL SALES
AUD: HIT BY CHINESE DATA AND RISK AVERSION
JPY: BOJ COMMENTS AND WEAK DATA REFLECT EARTHQUAKE IMPACT
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EUR/GBP: Currency in Play for Next 24 Hours
The EUR/GBP will be our currency pair in play for the upcoming 24 hours. From the Eurozone, we expect German Final 1 st Quarter GDP, Capital Investment, Government Spending, Exports and Imports at 2:00 AM NY TIME / 6:00 GMT, followed by German IFO Business Climate, Expectations and Current Assessment figures at 4:00 AM NY TIME / 8:00 GMT. From the U.K., we expect the release of Public Sector Net Borrowing figures at 4:30 AM NY TIME / 8:30 GMT, followed by CBI Realized Sales at 6:00 AM NY TIME / 10:00 GMT.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
