| EUR/USD | USD/JPY | GBP/USD | USD/CHF | |
| 1.5085(M) | 91.63(M) | 1.6569(M) | 1.0360(M) | |
| Resistance | 1.4995(M) | 91.33(M) | 1.6533(M) | 1.0230(M) |
| 1.4968(M) | 91.15(M) | 1.6470(M) | 1.0190(M) | |
| 1.4829(M) | 90.37(M) | 1.6305(M) | 1.0118(M) | |
| Support | 1.4675(M) | 90.19(M) | 1.6240(M) | 1.0015(M) |
| 1.4650(M) | 89.27(M) | 1.6121(S) | 0.9872(M) |
The Greenback dropped versus the euro as the Federal Reserve signaled it will keep borrowing costs at record lows as it assesses a means of draining cash from the U.S. financial system. “The Fed needs to drain liquidity, but not particularly soon,” said Alan Ruskin, head of international currency strategy in North America at RBS Securities Inc. in Stamford, Connecticut. “It lays the groundwork, but they are not clear about the timing. The most important thing is that the Fed funds rate isn’t going to move any time soon.” The New York Fed said it’s working with market participants to assess the use of reverse repurchase agreements to drain the record amount of cash it added to the financial system. The EUR/USD is currently trading at $1.4965 as of 21:44PM, London Time.
The British Pound climbed to a four-week high against the dollar on Monday, with market positioning, strength in global stocks and a report on the UK housing market all helping the pound claw back earlier losses. Sterling had traded lower against the dollar and euro for most of the European session on Monday after a Bank of England policymaker said the central bank should continue its quantitative easing programme because the financial system has yet to fully recover. Adam Posen's comments to the UK's Sunday Times had eclipsed sterling-friendly house price data from property website Rightmove, which showed asking prices for homes in England and Wales up on an annual basis for the first in more than a year. The GBP/USD is currently trading at $1.6395 as of 21:46PM, London Time.
Canada’s dollar rose for the first time in three days and traded near the highest since July 2008 as traders speculated it will hit parity with the U.S. currency on a global economic rebound and weakness in the greenback. “We assume that the Canadian dollar is heading for parity quite quickly,” said Sebastien Galy, a currency strategist in New York at BNP Paribas. “That has little to do with the Canadian dollar and much to do with the U.S. dollar. We continue to expect the flow of economics to be supportive for risk into year-end.” Canada’s government bonds have lost investors 1.6 percent this year, according to a Merrill Lynch index. The USD/CAD is currently trading at $1.0280 as of 21:50PM, London Time.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 21:00 | ABC News Consumer Confidence Index | United States | -48 | 4 | |||
| 13:00 | Interest Rate Decision | Canada | 0.25 | 2 | |||
| 12:30 | PPI (M-o-M) | United States | Monthly | 1.7 | 2 | ||
| 12:30 | Core PPI (M-o-M) | United States | Monthly | 0.2 | 2 | ||
| 12:30 | PPI (Y-o-Y) | United States | Yearly | -4.3 | 3 | ||
| 12:30 | Building Permits (M-o-M) | United States | Monthly | 579 | 3 | ||
| 12:30 | Housing Starts (M-o-M) | United States | Monthly | 598 | 2 | ||
| 12:30 | Leading Index | Canada | 1.1 | 2 | |||
| 12:30 | Wholesale Sales (M-o-M) | Canada | Monthly | 2.8 | 3 | ||
| 12:30 | New Motor Vehicle Sales (Y-o-Y) | Australia | Yearly | -6.2 | 4 | ||
| 8:30 | Public Finances (PSNCR) | JPY/UK | 10.4 | 20.5 | 4 | 19.4 | |
| 8:30 | Public Sector Net Borrowing | JPY/UK | 16.1 | 4 | |||
| 8:30 | M4 Money Supply (M-o-M) | UK | Monthly | 0.1 | 3 | ||
| 8:30 | M4 Money Supply (Y-o-Y) | UK | Yearly | 12.5 | 4 | ||
| 6:00 | PPI (M-o-M) | Germany | Monthly | 0.5 | -0.1 | 2 | -0.5 |
| 6:00 | PPI (Y-o-Y) | Germany | Yearly | -6.9 | -7.1 | 3 | -7.6 |
| 5:00 | Leading Index | Japan | 82.5 | 2 | |||
| 5:00 | Coincidence Index | Japan | 89.9 | 4 | |||
| 5:00 | Lagging Index | Japan | 82.8 | 3 | |||
| 0:00 | Monetary Policy Meeting Minutes | Australia | 2 |
