Ramsey
25-02-2003, Tue 8:58 PM
EUR/USD
Yesterday's Close:1.0799 High:1.0805 Low:1.0706
The dollar fell about a quarter percent against the euro as members of the United Nation's Security Council showed no signs of moving closer together on Iraq. In late U.S. trade, the dollar was at $1.0799 per euro.
Resistance Levels:,1.0810/20, 1.0840/50, 1.0910
Support Levels:1.0720/30,1.0660/70,1.0580
USD/JPY
Yesterday's Close:117.89 High:118.98 Low:117.60
The yen rose as high as 117.60 per dollar, its highest in nearly a month. By late afternoon in New York, it was trading at 117.90 per dollar, a rise of six-tenths of a percent on the day.
Dealers said the yen's big rally could set the stage for further yen gains and a weaker dollar. But no one expected Japanese authorities to permit a sharp appreciation of the yen, which would depress the country's exports.
The yen also rallied versus the euro to one-month highs of 126.26 per euro. It was trading at 127.19 in late New York dealings.
Resistance Levels:118.50/60 119.10/20, 119.80/90
Support Levels:117.50/60,116.80/90, 115.80
USD/CHF
Yesterday's Close:1.3557 High:1.1.3732 Low:1.3554
The dollar fell nearly three-quarters of a percent against the Swiss franc to close around 1.3560 Swiss francs.
Resistance Levels:1.3680/90, 1.3750/60, 1.3830/40
Support Levels:1.3520/30 , 1.3470/80, 1.3410/20
GBP/USD
Yesterday's Close:1.5877 High:1.5878 Low:1.5746
Sterling crept up from last week's four-year lows against the euro on Monday, taking advantage of poor sentiment toward the single currency in the wake of bleak growth forecasts from the eurozone's central bank.
Investors, recently spooked by growing concerns over Britain's economic health, saw the prospect that the vast common monetary policy zone might perform worse than expected along Britain. Sterling traded at 68.02 pence per euro, up 0.22 percent on the day in late afternoon trade on Monday, and stronger than the four-year low of 68.29 pence struck on Friday.
It was up also on the dollar at $1.5875, rebounding from a two-month low on the dollar hit earlier in the session.
Fresh information about Britain's economic prospects could emerge on Tuesday when Bank of England Governor Sir Edward George and other members of the Monetary Policy Committee give testimony to Parliament's Treasury Select Committee on the BoE's latest inflation report.
Concerns that inflation would be too low over the longer term as well as worries over domestic demand led the MPC to cut interest rates unexpectedly earlier this month in a move that broadly soured market sentiment toward sterling.
Later in the week, the latest consumer confidence information and Thursday's evidence by British Chancellor of the Exchequer Gordon Brown to the Treasury Select Committee on Britain and the euro, will keep markets on their toes.
Resistance Levels:1.5880/90, 1.5950/60, 1.6010/20
Support Levels:1.5810/20,1.5700/20 1.5620
Yesterday's Close:1.0799 High:1.0805 Low:1.0706
The dollar fell about a quarter percent against the euro as members of the United Nation's Security Council showed no signs of moving closer together on Iraq. In late U.S. trade, the dollar was at $1.0799 per euro.
Resistance Levels:,1.0810/20, 1.0840/50, 1.0910
Support Levels:1.0720/30,1.0660/70,1.0580
USD/JPY
Yesterday's Close:117.89 High:118.98 Low:117.60
The yen rose as high as 117.60 per dollar, its highest in nearly a month. By late afternoon in New York, it was trading at 117.90 per dollar, a rise of six-tenths of a percent on the day.
Dealers said the yen's big rally could set the stage for further yen gains and a weaker dollar. But no one expected Japanese authorities to permit a sharp appreciation of the yen, which would depress the country's exports.
The yen also rallied versus the euro to one-month highs of 126.26 per euro. It was trading at 127.19 in late New York dealings.
Resistance Levels:118.50/60 119.10/20, 119.80/90
Support Levels:117.50/60,116.80/90, 115.80
USD/CHF
Yesterday's Close:1.3557 High:1.1.3732 Low:1.3554
The dollar fell nearly three-quarters of a percent against the Swiss franc to close around 1.3560 Swiss francs.
Resistance Levels:1.3680/90, 1.3750/60, 1.3830/40
Support Levels:1.3520/30 , 1.3470/80, 1.3410/20
GBP/USD
Yesterday's Close:1.5877 High:1.5878 Low:1.5746
Sterling crept up from last week's four-year lows against the euro on Monday, taking advantage of poor sentiment toward the single currency in the wake of bleak growth forecasts from the eurozone's central bank.
Investors, recently spooked by growing concerns over Britain's economic health, saw the prospect that the vast common monetary policy zone might perform worse than expected along Britain. Sterling traded at 68.02 pence per euro, up 0.22 percent on the day in late afternoon trade on Monday, and stronger than the four-year low of 68.29 pence struck on Friday.
It was up also on the dollar at $1.5875, rebounding from a two-month low on the dollar hit earlier in the session.
Fresh information about Britain's economic prospects could emerge on Tuesday when Bank of England Governor Sir Edward George and other members of the Monetary Policy Committee give testimony to Parliament's Treasury Select Committee on the BoE's latest inflation report.
Concerns that inflation would be too low over the longer term as well as worries over domestic demand led the MPC to cut interest rates unexpectedly earlier this month in a move that broadly soured market sentiment toward sterling.
Later in the week, the latest consumer confidence information and Thursday's evidence by British Chancellor of the Exchequer Gordon Brown to the Treasury Select Committee on Britain and the euro, will keep markets on their toes.
Resistance Levels:1.5880/90, 1.5950/60, 1.6010/20
Support Levels:1.5810/20,1.5700/20 1.5620