USD The Dollar traded steady Monday with no significant gains or losses other than a 1% rise to the Yen, as follow up remarks by China’s Central Bank ruled out imminent changes to its foreign exchange reserve policy and as investors took caution before key US jobs data due later this week.
The Dollar had come under pressure in the past few sessions as the debate about the use of an alternative global currency heated up, after Chinese officials renewed their call for a super-sovereign reserve currency last week.
At 11:00PN GMT, the Dollar was up .1% to the Euro to 1.4076, up 1.1% to the Yen to 96.03, up.15% to the British Pound to 1.6559, up .2% to the Canadian Dollar to 1.1565, up .02% to the Australian Dollar to .8076 and down .06% to the Swiss Franc to 1.0828.
EUR
The Euro had a strong opening on Monday, which lasted most of the session after data released showed that European business and consumer confidence rose for a third consecutive month in a row, but was still near its lowest point in over 20 years.
Tempering the Euro’s rally was a sobering statement from the EU which warned against being overly optimistic at “small gains”, saying the jump in consumer confidence does not go above current expectations in the Forex online market, and to date there has been no increase in output reported by companies.
At 11:15PM GMT, the Euro was down .1% to the British Pound to .8495, up .07% to the Swiss Franc to 1.5242, up 1.05% to the Japanese Yen to 135.18, up .27% to the Australian Dollar to 1.7423 and down .01% to the New Zealand Dollar to 2.1632.
The Dollar had come under pressure in the past few sessions as the debate about the use of an alternative global currency heated up, after Chinese officials renewed their call for a super-sovereign reserve currency last week.
At 11:00PN GMT, the Dollar was up .1% to the Euro to 1.4076, up 1.1% to the Yen to 96.03, up.15% to the British Pound to 1.6559, up .2% to the Canadian Dollar to 1.1565, up .02% to the Australian Dollar to .8076 and down .06% to the Swiss Franc to 1.0828.
EUR
The Euro had a strong opening on Monday, which lasted most of the session after data released showed that European business and consumer confidence rose for a third consecutive month in a row, but was still near its lowest point in over 20 years.
Tempering the Euro’s rally was a sobering statement from the EU which warned against being overly optimistic at “small gains”, saying the jump in consumer confidence does not go above current expectations in the Forex online market, and to date there has been no increase in output reported by companies.
At 11:15PM GMT, the Euro was down .1% to the British Pound to .8495, up .07% to the Swiss Franc to 1.5242, up 1.05% to the Japanese Yen to 135.18, up .27% to the Australian Dollar to 1.7423 and down .01% to the New Zealand Dollar to 2.1632.
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