| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.4720(M) | 95.50(M) | 1.6835(M) | 1.0785(M) | |
| Resistance | 1.4450(M) | 95.30(M) | 1.6720(M) | 1.0735(M) |
| 1.4435(M) | 94.40(M) | 1.6610(M) | 1.0685(M) | |
| 1.4275(M) | 93.40(M) | 1.6480(M) | 1.0565(S) | |
| Support | 1.4200(M) | 93.10(M) | 1.6420(M) | 1.0545(M) |
| 1.4170(M) | 92.70(M) | 1.6370(M) | 1.0485(M) |
The euro rose against the greenback, reversing an earlier fall, after French services and German manufacturing unexpectedly expanded in August. The 16 nation currency also reversed a decline against the JPY after Market Economics said an index of German services industry grew for the first time in more than a year, adding to signs the worst recession in more than six decades is easing. “We’re seeing a short-term reaction to the PMI numbers,” said Steven Barrow, head of Group of 10 currency research in London at Standard Bank Plc. “The data are looking firmer.” The EUR/USD is currently trading at $1.4300 as of 10:42am, London Time.
The Pound fell against the euro on Friday, hitting a near one month low, as sentiment for the single currency was buoyed by brighter euro zone data and as rising share prices boosted risk sentiment. "We saw a turnaround from nervous markets overnight, and the positive PMI, which exceeded expectations, provided an additional boost to sentiment," said Christian Lawrence, currency strategist at RBC Capital Markets. A rebound in share prices sent the dollar broadly lower as investors moved into riskier assets, helping the pound to pare some losses against the U.S. currency. The GBP/USD is currently trading at $6500 as of 10:45am, London Time.
Sales of existing U.S homes probably climbed in July, indicating the housing crises may be coming to an end. “We’ve begun a recovery in home sales,” said Ellen Zentner, senior economist at Bank of Tokyo-Mitsubishi UFJ Ltd. in New York. “This is the best time to buy a house if you can qualify for credit. We expect to see continued, but gradual, improvement.” Sales of existing houses are compiled from contract closings and may reflect purchases agreed upon weeks or months earlier. Many economists consider New Home Sales, recorded when a contract is signed, a more timely barometer of the market.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 14:00 | Existing Home Sales - Sales | United States | 4.89 | 2 | |||
| 8:30 | M4 Money Supply (M-o-M) | UK | Monthly | -0.2 | 3 | ||
| 8:30 | M4 Money Supply (Y-o-Y) | UK | Yearly | 14.2 | 4 | ||
| 8:00 | PMI Manufacturing | Eurozone | 46.3 | 47.5 | 2 | 47.9 | |
| 8:00 | PMI Services | Eurozone | 45.7 | 46.5 | 3 | 49.5 | |
| 8:00 | PMI Composite | Eurozone | 47 | 48 | 2 | 50 | |
| 7:30 | PMI Manufacturing | Germany | 45.7 | 47.1 | 2 | 49 | |
| 7:30 | PMI Services | Germany | 48.1 | 48.8 | 3 | 54.1 | |
| 7:00 | M3 Money Supply (Y-o-Y) | Switzerland | Yearly | 5.7 | 3 | ||
| 3:00 | Credit Card Spending (Y-o-Y) | New Zealand | Yearly | -2.1 | 3 |
