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Coracle Currency Podcast 27 May

By • May 27th, 2008 • Category: Currency

The Coracle Currency podcast for 27th May 2008 in association with Crossbar fx (www.crossbarfx.com)

Key market data for May 19th to May 23rd:

USD vs Mon opening Fri closing Trend

EUR/USD 1.5582 1.5741 Weaker $
USD/CHF 1.0461 1.0303 Weaker $
USD/JPY 104.09 104.10 Stronger $
Gold 908.00 925.00 Up 1.8%
Oil 122.62 131.15 Up 6.95%

GBP vs Mon opening Fri closing Trend

GBP/USD 1.9555 1.9804 Stronger £
GBP/EUR 1.2543 1.2593 Stronger £
GBP/CHF 2.0454 2.0423 Weaker £
GBP/JPY 203.52 206.13 Stronger £

Current Interest Rates Latest Change Next Meeting

US Federal Reserve (FED) 2.00% 30 Apr 08 25 Jun 08
European Central Bank (ECB) 4.00% 6 Jun 07 5 Jun 08
Bank of England (BoE) 5.00% 10 Apr 08 5 Jun 08

Listed below are some of the economic data announcements which may influence exchange rates:

Tues 27th May
EMU – German GDP
US – CB consumer confidence, New Home Sales

Wed 28th May
US – Durable Goods orders

Thurs 29th May
UK – CBI – Distributive trades report
US – Initial jobless claims, GDP

Fri 30th May
EMU – CPI, Unemployment, Consumer confidence
US – Uni of Michigan consumer confidence