| 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 advanced against the euro as a report showing fewer U.S. housing starts last month than economists forecast sent stocks lower and discouraged demand for higher-yielding assets. The seven-day relative-strength index of the euro versus the dollar reached 70.41 today, with a level above 70 tending to indicate a currency’s gain has reached an extreme and a reversal may be coming. The euro gained almost 20 percent against the dollar since February, making the region’s exports more expensive overseas buyers and threatening the recovery from the worst recession since World War II. European Central Bank President Jean Claude Trichet said officials in the euro area take seriously the U.S. commitment to prevent the dollar from depreciating too much. The EUR/USD is currently trading at $1.4930 as of 20:50PM, London Time.
The Pound appreciated against a broadly weaker dollar on Tuesday, extending gains following bad but better than forecast UK public finances data. There was some caution, however, ahead of Wednesday's release of Bank of England minutes, where any hint that the central bank may be considering another extension to quantitative easing is likely to push the Sterling lower again. The pound began gains earlier in the session when data showed that UK public sector net borrowing in September although grim was not quite as bad as the market had feared, sparking a small relief rally for the currency. "They're not good numbers, there's no doubt about that, but given what could be happening I suppose we should be thankful they're not actually worse," said Commerzbank economist Peter Dixon. The GBP/USD is currently trading at $1.6370 as of 21:00PM, London Time.
The dollar may extend its advance against Japan’s currency to reach the strongest level in a month, Bank of Tokyo-Mitsubishi UFJ Ltd. said, citing trading patterns. The greenback rose above its four-week moving average last week, signaling the U.S. currency will make further headway, said Masashi Hashimoto, a senior analyst in Tokyo at the unit of Japan’s biggest publicly traded bank. Momentum indicators, such as the stochastic oscillator, also show buy signals, he said. The USD/JPY is currently trading at 90.70 as of 21:28PM, London Time.
Today's Economic Events
| Time | Event | Currency/Country | Period | Previous | Forecast | Significance | Actual |
| 23:56 | Merchandise Trade Balance | JPY/Japan | 185.7 | 4 | |||
| 23:50 | Merchandise Trade Exports (Y-o-Y) | Japan | Yearly | -36 | 4 | ||
| 23:50 | Merchandise Trade Imports (Y-o-Y) | Japan | Yearly | -41.3 | 4 | ||
| 23:50 | Foreigners Buying Japan Bonds (Yen) | JPY/Japan | 300.8 | 2 | |||
| 23:50 | Foreigners Buying Japan Stocks (Yen) | JPY/Japan | 391.9 | 2 | |||
| 23:50 | Japan Buying Foreign Bonds (Yen) | JPY/Japan | -256.2 | 3 | |||
| 23:50 | Japan Buying Foreign Stocks (Yen) | JPY/Japan | 34.5 | 3 | |||
| 14:30 | EIA Crude Oil Inventory (Barrels) | United States | 337.8 | 2 | |||
| 14:30 | EIA Crude Oil Price | USD/United States | 70.86 | 3 | |||
| 12:30 | Continuing Claims | United States | 5992 | 3 | |||
| 12:30 | Initial Jobless Claims | United States | 514 | 2 | |||
| 11:00 | MBA Mortgage Applications | United States | -1.77 | 2 | |||
| 10:00 | CBI Quartely Industrial Trends | UK | -54 | 4 | |||
| 8:30 | Monetary Policy Meeting Minutes | UK | 2 | ||||
| 7:00 | M3 Money Supply (Y-o-Y) | Switzerland | Yearly | 7.7 | 3 | ||
| 2:00 | Credit Card Spending (Y-o-Y) | New Zealand | Yearly | 0.1 | 3 | ||
| 0:30 | New Motor Vehicle Sales (M-o-M) | Australia | Monthly | 0.3 | 3 | ||
| 0:00 | Westpac Leading Index (M-o-M) | Australia | Monthly | 1.1 | 3 | 1.70% |
