Market news
11.01.2011, 09:27

Asian session: The shared currency strengthened

05:00     Japan Coincident Index     102,1
05:00     Japan      Leading Economic Index     101,0

The shared currency strengthened versus 9 of its 16 major counterparts on speculation that Japan’s bond purchases will ease Europe’s fund-raising crisis.
The dollar gained for the first time in three days versus the yen before a U.S. report today that may show confidence among small businesses rose to a three-year high.
The Dollar Index, which tracks the greenback against the currencies of six U.S. trading partners including the euro and the yen, added 0.1 percent to 80.964 today.
The Australian dollar fell to a three-week low as flooding in the state of Queensland worsened, adding to concern economic growth will slow.

EUR/USD: the pair bargained within the limits of $1,2910-$ 1,2990.

GBP/USD: the pair slightly decreased.

USD/JPY: the pair become stronger above mark Y83,00.

US data starts at 1245GMT with the weekly ICSC-Goldman Store Sales data. At 1330GMT, Philadelphia Federal Reserve Bank President Charles Plosser is due to deliver a speech on the economic outlook to the RMA
Philadelphia Chapter meeting. US data then continues at 1355GMT with the weekly Redbook Average, while at 1500GMT, the latest IBD/TIPP Economic Optimism Index and Wholesale Inventories data are due. Late US data includes the release of the weekly ABC/Wash Post Consumer Confidence Index.

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