Shipping Podcasts finalists for Maritime Media award

Currency Report 7 July

By • Jul 7th, 2008 • Category: Currency

The Coracle Currency podcast for 7th July 2008 in association with Crossbar fx

    Key market data for June 30th to July 4th:

    USD vs Mon opening Fri closing Trend

EUR/USD 1.5791 1.5704 Stronger $
USD/CHF 1.0174 1.0235 Stronger $
USD/JPY 105.51 106.69 Stronger $
Gold 929.91 931.95 Up 0.2%
Oil 139.02 143.28 Up 3.0%

    GBP vs Mon opening Fri closing Trend

GBP/USD 1.9939 1.9829 Stronger £
GBP/EUR 1.2622 1.2623 Stronger £
GBP/CHF 2.0284 2.0293 Stronger £
GBP/JPY 210.35 211.54 Stronger £

    Current Interest Rates Latest Change Next Meeting

US Federal Reserve (FED) 2.00% 30 Apr 08 5 Aug 08
European Central Bank (ECB) 4.25% 3 Jul 07 7 Aug 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:

Wednesday 9th July:
UK – Trade Balance
EMU – GDP

Thursday 10th July:
UK – BOE announces Interest rate decision.
US – Initial Jobless claims

Friday 11th July:
US – Trade Balance, Consumer confidence index.