| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.4360(S) | 96.25(M) | 1.7105(M) | 1.0835(M) | |
| Resistance | 1.4335(S) | 96.15(M) | 1.6935(M) | 1.0755(M) |
| 1.4315(S) | 95.90(M) | 1.6900(W) | 1.0735(M) | |
| 1.4200(M) | 94.05(S) | 1.6697(M) | 1.0655(M) | |
| Support | 1.4165(M) | 93.85(M) | 1.6587(M) | 1.0620(M) |
| 1.4065(M) | 93.50(M) | 1.6530(M) | 1.0590(M) |
The British Pound jumped to a one month high against a broadly weaker dollar on Friday, rising above $1.66, as above-forecast U.S. data encouraged investors to buy perceived higher risk currencies. A U.S. survey showed business activity in Chicago at its highest since last September, while earlier data showed the U.S. economy shrank 1.0 percent in the second quarter, less than the 1.5 percent forecast. The news fanned optimism about the outlook for the global economy, prompting investors to take on more risk as the month came to an end. The market will be looking to see whether the central bank opts to raise its quantitative easing target or shelve its asset-buying scheme which aimed to boost lending and economic activity. The GBP/USD is currently trading at $1.6745 as of 8:52am, London Time.
Manufacturing in the U.S. probably shrank in July at the slowest pace in 11 months as the recession eased and factories moved closer to stabilization, economists said ahead of a private report today. The Institute for Supply Management Factory Gauge increased to 46.5, from 44.8 in June, according to the median forecast in a Bloomberg News survey. The factory slump is abating as leaner inventories, smaller cutbacks in business investment and improving demand from overseas reinforce forecasts that the worst recession since the Great Depression will end this year. A federal “cash for clunkers” program also is boosting demand for cars. At the same time, rising unemployment may mute the economy’s recovery.
The dollar hovered near its lowest point this year against a basket of currencies on Monday after higher oil prices, steady global stock markets and U.S. GDP data boosted investments in riskier assets. In early Asian trade, the greenback hit its lowest level since December against the currency basket while the commodity-linked Australian dollar rose to a 10-month high versus the dollar, helped partly by oil prices holding firm around $70 a barrel. The EUR/USD is currently trading at $1.4237 as of 9:10am, London Time.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 23:50 | Monetary Base (Y-o-Y) | Japan | Yearly | 6.4 | 3 | ||
| 22:45 | Labor Cost Private Sector (Q-o-Q) | New Zealand | Quarterly | 0.6 | 2 | ||
| 22:45 | Private Wages ex Overtime (Q-o-Q) | New Zealand | Quarterly | 0.5 | 2 | ||
| 22:45 | Avg Hourly Earnings (Q-o-Q) | New Zealand | Quarterly | 1.1 | 2 | ||
| 14:00 | ISM Manufacturing Survey | United States | 44.8 | 2 | |||
| 14:00 | Construction Spending - Total | United States | -0.9 | 2 | |||
| 14:00 | Construction Spending - Residential | United States | -3.5 | 3 | |||
| 8:30 | PMI Manufacturing | UK | 47.5 | 2 | |||
| 8:00 | PMI Manufacturing | Eurozone | 42.6 | 46 | 2 | 46.3 | |
| 7:55 | PMI Manufacturing | Germany | 40.9 | 45.2 | 2 | 45.7 | |
| 7:30 | SVME - Purchasing Manager Index | Switzerland | 41.8 | 43.6 | 2 | 44.3 | |
| 5:30 | RBA Commodity Index (Y-o-Y) | Australia | Yearly | -29.3 | 3 | ||
| 5:00 | Vehicle Sales (Y-o-Y) | Japan | Yearly | -13.5 | 2 | ||
| 1:30 | Retail Sales (M-o-M) | Australia | Monthly | 1 | 2 | ||
| 1:30 | ANZ Job Advertisements (M-o-M) | Australia | Monthly | -6.7 | 3 | ||
| 1:30 | Labor Cash Earnings (Y-o-Y) | Japan | Yearly | -2.5 | 2 |
