Ramsey
28-02-2003, Fri 7:45 PM
EUR/USD
Yesterday's Close:1.0745 High:1.0837 Low:1.0734
The euro slipped 0.34 percent against the dollar to $1.0745 per dollar.
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:117.72 High:117.79 Low:116.85
After falling to its weakest level since Sept. 2002 in the London session at 116.85 yen, the dollar firmed to 117.72 yen in late U.S. dealings, up 0.47 percent on the day. Traders strongly suspected that the Bank of Japan discreetly sold its currency during the offshore session at levels near 116.85, helping to support the dollar and dampen the yen's strength.
Resistance Levels:117.50/60, 117.80/90, 118.20/30
Support Levels:117.00/10, 116.70/80, 115.80
USD/CHF
Yesterday's Close:1.3612 High:1.3643 Low:1.3501
The dollar rose 0.44 percent against the Swiss franc to 1.3612 francs.
Resistance Levels:1.3620/30 , 1.3650/60, 1.3730/40
Support Levels:1.3520/30 , 1.3470/80, 1.3410/20
GBP/USD
Yesterday's Close: 1.5783 High:1.5874 Low:1.5762
Sterling slid back towards recent lows against the the dollar on Thursday, hurt by gloomy UK consumer confidence data and comments by a Monetary Policy Committee member that British interest rates could fall further.
The pound, which hit a four-year low on the euro and a two-month low on the dollar earlier this week, dipped in early trade after Marian Bell told a Scottish newspaper her decision to vote for a rate cut earlier this month had not been difficult.
She added that there was scope for the Bank of England to cut rates further, if needed, to keep the economy on track.
An attempt to recover ground was thwarted as the Martin Hamblin GfK barometer showed British consumer confidence fell in February to its lowest level in almost five years, struck hard by the threat of war in Iraq and falling stock markets. Sterling was down a quarter percent at $1.5785 in late U.S.trade, less than a cent from Tuesday's two-month low. It was virtually unchanged against the euro at 68.06 pence per euro.
Comments from Britain's Chancellor of the Exchequer Gordon Brown on the prospects for UK euro entry were also a highlight, but added little in the way of fresh news to the membership debate. Speaking to a parliamentary committee, Brown said tests designed to assess whether Britain should join Europe's common currency would be rigorous and the Treasury was on track to carry them out by June.
Resistance Levels:1.5840/50, 1.5890/00, 1.5930/40
Support Levels:1.5700/10, 1.5670/80, 1.5630/40
Yesterday's Close:1.0745 High:1.0837 Low:1.0734
The euro slipped 0.34 percent against the dollar to $1.0745 per dollar.
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:117.72 High:117.79 Low:116.85
After falling to its weakest level since Sept. 2002 in the London session at 116.85 yen, the dollar firmed to 117.72 yen in late U.S. dealings, up 0.47 percent on the day. Traders strongly suspected that the Bank of Japan discreetly sold its currency during the offshore session at levels near 116.85, helping to support the dollar and dampen the yen's strength.
Resistance Levels:117.50/60, 117.80/90, 118.20/30
Support Levels:117.00/10, 116.70/80, 115.80
USD/CHF
Yesterday's Close:1.3612 High:1.3643 Low:1.3501
The dollar rose 0.44 percent against the Swiss franc to 1.3612 francs.
Resistance Levels:1.3620/30 , 1.3650/60, 1.3730/40
Support Levels:1.3520/30 , 1.3470/80, 1.3410/20
GBP/USD
Yesterday's Close: 1.5783 High:1.5874 Low:1.5762
Sterling slid back towards recent lows against the the dollar on Thursday, hurt by gloomy UK consumer confidence data and comments by a Monetary Policy Committee member that British interest rates could fall further.
The pound, which hit a four-year low on the euro and a two-month low on the dollar earlier this week, dipped in early trade after Marian Bell told a Scottish newspaper her decision to vote for a rate cut earlier this month had not been difficult.
She added that there was scope for the Bank of England to cut rates further, if needed, to keep the economy on track.
An attempt to recover ground was thwarted as the Martin Hamblin GfK barometer showed British consumer confidence fell in February to its lowest level in almost five years, struck hard by the threat of war in Iraq and falling stock markets. Sterling was down a quarter percent at $1.5785 in late U.S.trade, less than a cent from Tuesday's two-month low. It was virtually unchanged against the euro at 68.06 pence per euro.
Comments from Britain's Chancellor of the Exchequer Gordon Brown on the prospects for UK euro entry were also a highlight, but added little in the way of fresh news to the membership debate. Speaking to a parliamentary committee, Brown said tests designed to assess whether Britain should join Europe's common currency would be rigorous and the Treasury was on track to carry them out by June.
Resistance Levels:1.5840/50, 1.5890/00, 1.5930/40
Support Levels:1.5700/10, 1.5670/80, 1.5630/40