Trading today is in the shadow of yesterday’s historic rate decision in the USA: a rate of 0.25% is unprecedented in America – Bernanke went for it.
Currently trading is rather calm – the EUR/USD is resting above 1.40, the GBP/USD is flirting with 1.55 and the Yen managed to pull throug – currently at about 88.50.
Other currencies are also holding their gains against the dollar, with the Kiwi making the strongest moves – NZD/USD is now above 0.57.
In Britain, the Claimant Count Change is at 75.7K, something which hurts the pound. On the other hand, the Average Earnings Index rose more than expected, 3.3%, but this only marginal. Later in the UK: CBI Realized Sales which is supposed to have a serious impact on trade.
And in the land of beaten dollar, the Current Account figure is the star of today, although America doesn’t provide much news today.
In it’s northern neighbor though, the Wholesale Sales m/m will be closely watched, as also a speech by the BOC Gov Carney. For those trading on the USD/CAD or other Canadian pairs, today is definitely an interesting day.Get the 5 most predictable currency pairs