Foreign Exchange News Updates - Archive

Below are the foreign exchange market updates.

Note: The weekly foreign exchange updates give you a foreign exchange expert trader's view of the volatile foreign exchange markets. It is a great source of insight into the complexities of foreign exchange rates and issues. It is a valuable source of information with respect to the factors that affect foreign exchange rates at the macro level.

Visit www.Cambridgefx.com daily and stay up to date on factors that affect foreign exchange rates. Follow these links to see the latest key currencies, US exchange rate and Canadian dollar rate

Foreign Exchange Market Update:

The Dollar took a rest this weekend

Market Update: Monday, April 14, 2003

With a couple of noticeable exceptions little has moved here at the North American opening of the currency markets. The exceptions are the Canadian Dollar where the focus is on interest rates as the Bank of Canada meeting tomorrow could raise rates. The consensus on a rate rise is split fairly evenly. With the current strength of the Canadian Dollar, higher interest rates will help the currency maintain these levels if not take it to new highs. The other exception is the Australian Dollar, which is settling down to life above the .6000 level. The commodity prices, as shown by the CRB index, while off their highs they are still maintaining levels that support the two Commodity based currencies.

With Italy lowering its growth forecasts for this year and the data pointing to a global economy either continuing to slow or about to turn the corner, the data for April will indicate if the results of the speed of the war will create some turn around in consumer spending.

As we get into the full swing of earnings season, it appears the currency markets are treading water a little to see what the results will bring. The US Dollars linkage with the stock markets has loosened back to its pre war correlations as the markets again focus more on the 1st. Q results and economic fundamentals.

With daily foreign currency volatility continuing to be higher than usual, please call your foreign exchange market advisor for the latest analysis.

Currency ranges for today:

EUR/USD 1.0650 - 1.0820
USD/CAD 1.4490 - 1.4650
GBP/USD 1.5680 - 1.5800
USD/CHF 1.3820 - 1.3970
USD/JPY 119.20 - 120.80
USD/MXN 10.50 - 10.75