Interbank Foreign Exchange Rates Overnight/Morning Ranges:
Interbank Exchange Rates EUR/USD 1.3090-1.3169
Interbank Exchange Rates GBP/USD 1.5720-1.5782
Interbank Exchange Rates GBP/EUR 1.1967-1.2025
The USD weaker today as market bought back short Euro riskpositions placed last week as yesterdays Portuguese bond auction proved to be a short term success. Next week Euro finance ministers meet and may extend help to Portugal, increase the size of their aid reserves, lower interest rates on bailout loans and authorize purchases of outstanding bonds. ECB rate decision day.
Sterling higher again against the USD, as we traded through resistance level of $ 1.5700 in sentiment with the weaker USD. However the rumoured corporate selling interest around the € 1.2050 level has resulted in the Pound opening weaker and below € 1.2000 level. Worse than expected UK trade data yesterday did little to help. MPC rate decision also today, and expected to be unchanged.
EUR/USD currently 1.3135. Support 1.3000, resistance 1.3300.
GBP/USD currently 1.5743. Support 1.5700, resistance 1.6000.
GBP/EUR currently 1.1982. Support 1.1850, resistance 1.2100.
Oil $ 91.9 Gold $ 1389 Dow +0.7% FTSE -0.3%% Nikkei +0.7%
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