| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.4865(M) | 92.45(M) | 1.6590(M) | 1.0425(M) | |
| Resistance | 1.4840(M) | 91.95(M) | 1.6570(M) | 1.0385(M) |
| 1.4770(M) | 91.60(M) | 1.6455(M) | 1.0360(M) | |
| 1.4560(M) | 91.00(M) | 1.6285(M) | 1.0275(M) | |
| Support | 1.4500(M) | 90.50(M) | 1.6235(M) | 1.0240(M) |
| 1.4465(M) | 90.05(M) | 1.6195(M) | 1.0140(M) |
The Sterling weakened day against the dollar on renewed concern the financial crisis in Europe will be prolonged, damping demand for the region’s assets. Britain’s currency dropped against 15 of its 16 major counterparts after the Daily Telegraph said Lloyds Banking Group had been forced to abandon a move to withdraw from the U.K. government’s asset protection plan. “The Telegraph article enhanced views the Bank of England can’t exit its accommodative monetary policy stance any time soon,” said Akira Hoshino, Tokyo-based chief manager of the foreign-exchange trading department at Bank of Tokyo Mitsubishi UFJ Ltd., a unit of Japan’s largest banking group. “Receding hopes for an imminent exit will put pressure on the pound.” The pound dropped to a one-week low after the Telegraph said Lloyd’s Chief Executive Officer Eric Daniels is understood to have presented the Financial Services Authority with plans to raise more than 15 billion pounds ($25 billion). The GBP/USD is currently trading at 7:50am, London Time.
The euro may advance to $1.4866 after the currency climbed above its December-high of $1.4720 this week, BNP Paribas SA said, citing trading patterns. The 16-nation currency will approach the strongest level since September against the greenback even though some technical indicators suggest it becoming “overbought,” according to a team of analysts led by Hans Guenter Redeker , global head of currency strategy at BNP Paribas in London. “The choppy rise of the past week is expected to continue,” the analysts wrote in a note to clients yesterday. “The break above the $1.4720 December high now targets $1.4865 long-term resistance. As long as $1.4640 support holds, the rise can continue to defy its extremely overbought conditions.” The EUR/USD is currently trading at 8:43am, London Time.
Household wealth in the U.S. increased by $2 trillion in the second quarter, a first step in restoring Americans’ finances and spending power.
Retail Sales rose 2.7 percent in August, the most in three years, showing unexpected strength that extended beyond auto purchases, figures from the Commerce Department showed this week. Yesterday’s Fed report showed net worth from corporate equities and mutual funds increased by $1.36 trillion in the second quarter. Real-estate-related household assets grew by $139 billion, the first gain since the last quarter of 2006.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 22:45 | PPI Input (Q-o-Q) | New Zealand | Quarterly | 0 | -1 | 2 | |
| 22:45 | PPI Output (Q-o-Q) | New Zealand | Quarterly | -0.7 | -0.5 | 2 | |
| 12:30 | Wholesale Sales (M-o-M) | Canada | Monthly | 0.6 | 3 | ||
| 8:30 | Public Finances (PSNCR) | JPY/UK | 0.18 | 14.5 | 4 | 10.4 | |
| 8:30 | Public Sector Net Borrowing | JPY/UK | 8 | 18 | 4 | 16.1 | |
| 8:30 | M4 Money Supply (M-o-M) | UK | Monthly | 1 | 3 | ||
| 8:30 | M4 Money Supply (Y-o-Y) | UK | Yearly | 13.6 | 4 | ||
| 8:00 | Current Account Balance - BoP | €/Eurozone | -5.3 | 2 | |||
| 8:00 | Capital Account Balance - BoP | €/Eurozone | 0.3 | 2 | |||
| 6:00 | PPI (M-o-M) | Germany | Monthly | -1.5 | 0.2 | 2 | 0.5 |
| 6:00 | PPI (Y-o-Y) | Germany | Yearly | -7.8 | -7.2 | 3 | -6.9 |
| 5:30 | Tokyo Department Store Sales (Y-o-Y) | Japan | Yearly | -13.4 | 2 | ||
| 5:00 | Leading Index | Japan | 76.9 | 2 | |||
| 5:00 | Coincidence Index | Japan | 88 | 4 | |||
| 5:00 | Lagging Index | Japan | 83.4 | 3 |
