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Coracle Currency Podcast 2 June

By • Jun 3rd, 2008 • Category: Currency

The Coracle Currency podcast for 2nd June 2008 in association with Crossbar fx (www.crossbarfx.com)

Key market data for May 27th to May 30th:

USD vs Mon opening Fri closing Trend

EUR/USD 1.5731 1.5556 Stronger $
USD/CHF 1.0284 1.0426 Stronger $
USD/JPY 103.90 105.44 Stronger $
Gold 922.80 886.75 Down 3.9%
Oil 130.79 127.55 Down 2.5%

GBP vs Mon opening Fri closing Trend

GBP/USD 1.9720 1.9791 Stronger £
GBP/EUR 1.2532 1.2718 Stronger £
GBP/CHF 2.0277 2.0633 Stronger £
GBP/JPY 204.90 208.67 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:

Tue 3rd June
EMU – GDP (Q1 2008 – 0.7% expected)
US – Factory orders (April decline expected)

Wed 4th June
EMU – Retail sales (April – drop of 0.5% expected)
US – non farm productivity for Q1 2008 (2.5% increase expected)

Thurs 5th June
UK – BOE announces interest rate decision – no change expected
EMU – ECB announces interest rate decision – no change expected

Fri 6th June
EMU – German Industrial Production
US – Unemployment, change in the non farm payrolls (-55k expected)