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Currency Report 21 July

By • Jul 21st, 2008 • Category: Currency

The Coracle Currency podcast for 21st July 2008 in association with Crossbar fx

Key market data for July 14th to July 18th:


USD vs Mon opening Fri closing Trend

EUR/USD 1.5878 1.5848 Stronger $
USD/CHF 1.0214 1.0211 Weaker $
USD/JPY 106.57 106.71 Stronger $
Gold 962.20 966.25 Up 0.4%
Oil 143.32 130.81 Down 8.73%

GBP vs Mon opening Fri closing Trend

GBP/USD 1.9851 1.9971 Stronger £
GBP/EUR 1.2497 1.2600 Stronger £
GBP/CHF 2.0281 2.0388 Stronger £
GBP/JPY 211.52 213.14 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 08 7 Aug 08
Bank of England (BoE) 5.00% 10 Apr 08 7 Aug 08

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

23rd July:
UK – Quarterly industrial trends, BOE releases minutes of their June MPC meeting.

Thur 24th July:
UK – Retail sales
EMU – PMI figs for manufacturing and services (estimates)
US – Existing home sales and jobless claims

Friday 25th July
UK – GDP estimate for Q2 2008
US – Durable goods orders, new home sales and Michigan Uni consumer confidence index.

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