| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.4335(M) | 96.25(M) | 1.6745(S) | 1.0805(M) | |
| Resistance | 1.4320(M) | 96.15(M) | 1.6630(M) | 1.0780(M) |
| 1.4305(M) | 95.40(M) | 1.6585(M) | 1.0700(M) | |
| 1.4250(M) | 94.95(M) | 1.6455(M) | 1.0620(M) | |
| Support | 1.4190(M) | 94.70(M) | 1.6375(M) | 1.0590(M) |
| 1.4120(M) | 94.50(M) | 1.6310(M) | 1.0485(M) |
The British Pound edged up against the dollar and euro on Monday as confidence in the strength of corporate earnings pushed further gains in world equities and helped the UK currency recover losses after poor growth data. The pound rose above $1.65 in early trade after UK Hometrack data showed house prices in England and Wales were flat in July, suggesting a slowdown in the rate of decline but also a long path to full recovery in Britain's housing market. Analysts said sterling would continue to firm if equities added to gains this week, but they said it would be capped by the relatively poor performance of the UK economy and doubts whether stock markets have priced in too aggressive a recovery. The GBP/USD is currently trading at $1.6550 as of 8:33am, London Time.
The euro held firm against the greenback on Tuesday after hitting its highest in eight weeks the previous day, when a jump in U.S. new home sales encouraged investors to seek riskier assets. "The general market tone for a softer dollar and yen remain unchanged amid a solid performance for stocks. Investors are opting for riskier assets," said Kazuyuki Kato, treasury department manager at Mizuho Trust & Banking. U.S. officials reassured their counterparts from China on Monday that the United States would return to a more sustainable fiscal situation and the two sides grappled over currency policies in high-level talks, senior Obama administration officials said. The EUR/USD is currently trading at $1.4285 as of 8:57am, London Time.
The Swiss franc’s failure to decline is a signal that demand for a refuge in the currency markets remains buoyant, according to UBS AG. “The behaviour of the franc is worth watching,” a team of UBS analysts led by Zurich-based chief currency strategist Mansoor Mohi-uddin wrote in a note yesterday. “Despite massive Swiss National Bank intervention, the franc has hardly weakened, signaling that for all the recent bullishness of global markets, there remains plenty of distressed demand for safe-haven assets like the franc within Europe.” The USD/CHF is currently trading at 1.0670 as of 9:01am, London Time.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance |
| 23:50 | Retail Trade (M-o-M) | Japan | Monthly | 0.1 | 2 | |
| 23:50 | Retail Trade (Y-o-Y) | Japan | Yearly | -2.7 | 2 | |
| 23:50 | Large Retailers' Sales | Japan | -6.5 | 2 | ||
| 22:45 | Building Permits (M-o-M) | New Zealand | Monthly | 3.5 | 3 | |
| 21:00 | ABC News Consumer Confidence Index | United States | -50 | 4 | ||
| 14:00 | Consumer Confidence Index | United States | 49.3 | 2 | ||
| 14:00 | Richmond Fed Manufacturing Index | United States | 6 | 3 | ||
| 13:00 | S&P/Case-Shiller Composite-20 (Y-o-Y) | United States | Yearly | -18.12 | 4 | |
| 13:00 | S&P/Case-Shiller Home Price Index | United States | 139.18 | 2 | ||
| 12:30 | Durable Goods Orders (M-o-M) | United States | Monthly | 1.8 | 2 | |
| 12:30 | Durable Goods Orders Ex. Transporation (M-o-M) | United States | Monthly | 1.1 | 3 | |
| 10:00 | CBI Distributive Trades Report | UK | -17 | 3 | ||
| 6:45 | Business Survey Overall Demand | Eurozone | -60 | 4 | ||
| 6:00 | UBS Consumption Indicator | Switzerland | 0.772 | 2 | ||
| 1:30 | NAB Business Confidence | Australia | -24 | 3 | ||
| 0:00 | Conference Board Leading Index | Australia | 0.7 | 3 |
