USD: Higher, improving risk appetite as equity markets rally, hawkish rate comments from Fed’s Lockhart JPY: Lower, political uncertainty, CAPEX spending drops EUR: Lower, EU retail sales decline and services PMI growth slows GBP: Lower, houses prices rise and services PMI improves, Moody’s and Fitch downgrade BP CAD and AUD: AUD & CAD higher, Australian [...]

FX Highlights The USD is trading marginally lower as global equity markets rally to a two week high supported by upbeat US economic data and optimism about the global recovery, EUR gains limited by report of weak EU retail sales, GBP rallies in reaction to report of rising UK house prices with gains limited by [...]

USD: Higher, pending home sales rise, Challenger says job cuts back to pre-recession levels JPY: Lower, Japan’s PM resigns, Finance Minister Kan is the likely successor EUR: Lower , EU inflation rises more than expected, Iran to sell EUR reserves GBP: Lower, mortgage approvals rise, construction PMI at a three-year high, King expects inflation to [...]

FX Highlights The USD is trading mixed with the JPY sharply lower in reaction to report that Japan’s Prime Minister Hatoyama has resigned, European currencies trade slightly higher supported by gains in cross trade to the JPY, GBP supported by report of rising UK mortgage approvals and stronger construction PMI ,CHF trades lower despite report [...]

USD: Mixed, stocks rebound in reaction to a 2.7% surge in construction spending JPY: Lower, reverses oversees gains as equity markets erase sharp early losses, political uncertainty EUR: Lower, threat of EU bank write-downs and more sovereign debt ratings cuts, stocks recover GBP: Higher, UK manufacturing PMI at 15 month high, two year high versus [...]