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Coracle Currency Podcast 30 June

By • Jun 30th, 2008 • Category: Currency

The Coracle Currency podcast for 30th June 2008 in association with Crossbar fx

    Key market data for June 23rd to June 27th:

    USD vs Mon opening Fri closing Trend

EUR/USD 1.5554 1.5753 Weaker $
USD/CHF 1.0403 1.0196 Weaker $
USD/JPY 107.51 106.20 Weaker $
Gold 903.50 925.15 Up 2.4%
Oil 133.92 139.02 Up 3.8%

    GBP vs Mon opening Fri closing Trend

GBP/USD 1.9661 1.9947 Stronger £
GBP/EUR 1.2635 1.2659 Stronger £
GBP/CHF 2.0450 2.0338 Weaker £
GBP/JPY 211.30 211.82 Stronger £

    Current Interest Rates Latest Change Next Meeting

US Federal Reserve (FED) 2.00% 30 Apr 08 5 Aug 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:

Tuesday 1st July:
UK – PMI manufacturing
EMU – PMI manufacturing & Unemployment
US – ISM manufacturing

Wednesday 2nd July:
US – Factory orders

Thursday 3rd July:
EMU – ECB announces interest rate decision – 25 basis point hike expected. Retail sales
US – Non-farm payrolls, unemployment, jobless claims.

Friday 4th July:
US – Public holiday (Independence day)