| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.29 | 100.1 | 1.416 | 1.1715 | |
| Resistance | 1.2775 | 100 | 1.4015 | 1.168 |
| 1.2755 | 99.67 | 1.3955 | 1.167 | |
| 1.2675 | 98.2 | 1.3761 | 1.1465 | |
| Support | 1.2555 | 97.3 | 1.3741 | 1.145 |
| 1.2535 | 96.6 | 1.37 | 1.14 |
Sterling extended its slide on global currency markets on Monday, shedding 2 percent against the dollar to trade below $1.38 on mounting concern over the UK banking sector and evaporating UK government bond yield advantage. This marks sterling's steepest one-day fall against the dollar and euro in a month. Sterling sentiment soured on Monday after Britain's government upped its stake in Lloyds Banking Group. The Bank of England said last Thursday it would start buying gilts as part of its "quantitative easing" programme to try and boost the money supply, fight off deflation and kick start the economy. The GBP/USD is currently trading at $1.3870 as of 8:40am, GMT.
The yen and the dollar weakened on speculation gains in Asian stocks and U.S. equity futures fueled demand for higher-yielding assets. The euro approached a two-month high against Japan’s currency on expectations European investors will bring home overseas earnings before the end of the first quarter. “We’ve got a lot of green on the board in Asian equities and that’s good for risk-taking appetite,” said Sean Callow, a senior currency strategist at Westpac Banking Corp., Australia’s biggest lender by market value. “It would certainly fit into the yen weakness that’s been one of the biggest stories over the past month. That also works to the detriment of the dollar.” The USD/JPY is currently trading at 98.60 as of 8:42am, GMT.
The Australian dollar rose from a one-week low as stock gains revived demand for the currency. New Zealand’s dollar slipped on speculation policy makers will cut the country’s interest rates from a record low. Australia’s currency also climbed as a gauge of commodities shipping costs yesterday advanced to the highest since Oct. 9. Gains in the currency were limited before a report this week economists say will show unemployment climbed to the highest since April 2006. Australia’s S&P/ASX 200 Index advanced for a second day after earlier falling as much as 1 percent. The AUD/USD is currently trading at 0.6405 as of 9:00am, GMT.
Today's Economic Events
| Time | Event | Currency | Period | Previous | Forecast | Significance | Actual |
| 23:50 | Core Machinery Orders m/m | JPY | Jan | -1.70% | -5.00% | 2 | |
| 23:50 | CGPI y/y | JPY | Feb | -0.20% | -0.20% | 1 | |
| 14:00 | Wholesale Inventories m/m | USD | Jan | -1.40% | -1.00% | 1 | |
| 12:30 | Fed Chairman Bernanke Speaks | USD | 4 | ||||
| 10:00 | PPI m/m | EUR | Jan | -1.30% | -0.20% | 1 | |
| 9:30 | Manufacturing Production m/m | GBP | Jan | -2.20% | -1.40% | 3 | -2.90% |
| 9:30 | Industrial Production m/m | GBP | Jan | -1.70% | -1.20% | 2 | -2.60% |
| 7:45 | Industrial Production m/m | EUR | Jan | -1.80% | -1.00% | 2 | -3.10% |
| 7:45 | Trade Balance | EUR | Jan | -2.5B | -3.0B | 1 | -4.5B |
| 7:00 | Trade Balance | EUR | Feb | 10.7B | 10.0B | 1 | 8.3B |
| 7:00 | CPI m/m | EUR | Feb | 0.60% | 0.60% | 1 | 0.60% |
| 5:00 | Leading Indicators m/m | JPY | Jan | 79.40% | 77.20% | 1 | 77.10% |
| 0:05 | BRC Retail Sales Monitor y/y | GBP | Feb | 1.10% | 2 | -1.80% |
