| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.4450(S) | 94.10(M) | 1.6670(M) | 1.0785(M) | |
| Resistance | 1.4395(M) | 93.55(M) | 1.6625(S) | 1.0715(M) |
| 1.4350(M) | 93.30(M) | 1.6470(M) | 1.0620(M) | |
| 1.4285(M) | 92.95(M) | 1.6365(M) | 1.0540(M) | |
| Support | 1.4175(M) | 92.30(M) | 1.6285(M) | 1.0525(M) |
| 1.4100(M) | 91.95(S) | 1.6235(M) | 1.0500(M) |
The euro rose against the greenback before a private report forecast to show European investor confidence rose to the highest level since July 2008, signaling the region’s recession is easing. The euro also gained for a third day versus the yen on expectations a German report will show factory orders expanded in July for a fifth month. G-20 officials including U.K. Chancellor of the Exchequer Alistair Darling and German Finance Minister Peer Steinbrueck said in London last week that it was premature to quit emergency measures to fight the global recession, signaling central banks will hold down interest rates. The EUR/USD is currently trading at $1.4350 as of 8:35am, London Time.
The yen weakened versus 14 of its 16 major counterparts as the Nikkei 225 Stock Average climbed 1.3 percent and the MSCI Asia Pacific Index of regional shares rose 0.9 percent. The yen fell for a fourth day against Australia’s dollar as signs the global economy may be headed for a recovery gave investors more confidence to seek higher returns overseas. “There’s a sense the worst of the worldwide recession is over, with the equity market rebounding,” said Akifumi Uchida, deputy general manager of the marketing unit at Sumitomo Trust & Banking Corp. in Tokyo. “From a risk-appetite perspective, the yen is likely to be sold.” The USD/JPY is currently trading at 93.25 as of 9:01am, London Time.
Sterling ended flat against the dollar after U.S. jobs data on Friday and slightly up on the euro, as investors focused on whether the Bank of England will stick to its loose monetary policy at next week's meeting. Trade was choppy as the U.S. employment report showed 216,000 jobs were lost in August, slightly fewer than expected, but the unemployment rate up to a 26-year high of 9.7 percent. "It was an ambivalent reaction," to the U.S. data from sterling, said Geoffrey Yu, a currency strategist at UBS. "The jobs data is certainly lagging all the other indicators, ISM is expanding ... but employment hasn't caught up with this, which suggests some major weaknesses in the U.S. economy. On the other hand the trend of job losses is slowing down so there's still reason to be optimistic." The GBP/USD is currently trading at $1.6425 as of 9:04am, London Time.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 23:50 | Current Account Balance - BoP | JPY/Japan | 1.15 | 2 | |||
| 23:50 | Capital Account Balance - BoP | JPY/Japan | -20.3 | 2 | |||
| 23:50 | Financial Account Balance - BoP | JPY/Japan | -1.42 | 4 | |||
| 23:50 | Bank Lending Banks Adjust (YoY) | Japan | 2.8 | 2 | |||
| 23:50 | Bank Lending Incl Trusts (YoY) | Japan | 2.1 | 3 | |||
| 23:50 | Bank Lending Banks ex-Trust (YoY) | Japan | 2.2 | 3 | |||
| 23:50 | M3 Money Supply (Y-o-Y) | Japan | Yearly | 1.9 | 3 | ||
| 23:50 | M2 Money Supply + CD (Y-o-Y) | Japan | Yearly | 2.7 | 4 | ||
| 23:01 | RICS House Price Balance | UK | -8.1 | 4 | |||
| 23:00 | BRC Retail Sales Monitor | UK | 1.8 | 3 | |||
| 12:00 | Manpower Survey | New Zealand | -6 | 2 | |||
| 10:00 | Industrial Production (M-o-M) | Germany | -0.1 | 2 | |||
| 9:00 | Factory Goods Orders (M-o-M) | Germany | Monthly | 4.5 | 2 | ||
| 6:30 | Official Foreign Reserves | USD/Australia | 44.06 | 3 | |||
| 6:30 | Sentix Investor Confidence | Eurozone | -17 | -13.7 | 2 | -14.61 | |
| 5:00 | Eco Watchers Survey: Current | Japan | 42.4 | 2 | |||
| 5:00 | Eco Watchers Survey; Outlook | Japan | 44.9 | 3 | |||
| 4:30 | Bankruptcies (Y-o-Y) | Japan | Yearly | 1 | 2 | ||
| 4:00 | Official Foreign Reserves | €/Germany | 104.93 | 3 | |||
| 1:30 | ANZ Job Advertisements (M-o-M) | Australia | Monthly | -1.7 | 3 |
