#USD The dollar fell on Monday after safety flows dried up as a result of newfound confidence that the price of oil might recover, helping emerging markets and the global energy sector. The greenback ended the day at 1.1236 to the euro and 118.41 to the yen. Todays data includes Durable Goods Orders in December, which are expected to rise by 0.3%; Durables Ex Transportation, which are forecast to increase by 0.6%; Services PMI, which is estimated to rise to 53.8; and Consumer Confidence in January, which is expected to increase to 95. #EUR The euro rose on Monday, despite victory in the Greek elections for the Syriza anti-bailout party, after they indicated they would only be seeking to restructure the countrys debt – not necessarily taking Greece out of the euro altogether. The single currency ended the day at 1.1236 to the dollar and 133.06 to the yen. #GBP The pound rallied on Monday after comments from BOEs Forbes suggested the central bank might raise interest rates sooner than previously thought after the temporary dampening effect from the lower oil prices had worn off. Sterling ended the day at 1.5082 to the dollar and 178.57 to the yen. Todays data includes GDP in the 4th quarter, which is expected to show a 2.8% rise yoy (0.6% qoq), and Mortgage Loans from the BBA, which are forecast to drop to 36500 in December. #JPY The yen weakened on Monday despite better-than-expected trade data, after safe-haven demand lapsed following an improvement in the outlook for global energy prices. The Japanese currency ended the day at 118.41 to the dollar and 178.57 to the pound.
Posted on: Tue, 27 Jan 2015 08:47:05 +0000
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