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Coracle Currency Podcast 16 June

By • Jun 16th, 2008 • Category: Currency

The Coracle Currency podcast for 16th June 2008 in association with Crossbar fx

Key market data for June 9th to June 13th:

    USD vs Mon opening Fri closing Trend

EUR/USD 1.5833 1.5373 Stronger $
USD/CHF 1.0156 1.0476 Stronger $
USD/JPY 105.11 107.89 Stronger $
Gold 905.90 867.70 Down 14.2%
Oil 132.45 133.93 Down 1.1%

    GBP vs Mon opening Fri closing Trend

GBP/USD 1.9722 1.9504 Weaker £
GBP/EUR 1.2455 1.2681 Stronger £
GBP/CHF 2.0028 2.0426 Stronger £
GBP/JPY 207.32 210.40 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 3 Jul 08
Bank of England (BoE) 5.00% 10 Apr 08 10 Jul 08

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

Tues 17th June
UK – CPI – 3.2% expected – Letter from BOE to the Treasury would be required…presumably starting Dear Darling..?
EMU – Trade Balance.
US – Current account balance, PPI, housing starts, and Industrial Production.

Wed 18th June
UK – BOE releases minutes of May monetary policy meeting.

Thurs 19th June
UK – Retail sales
US – Initial jobless claims