Forex Trading and Currency Exchange Rates – USD Down vs EUR and JPY

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(Best Syndication News) The U.S. dollar declined against all major currencies with the exception of the pound sterling Tuesday / Wednesday (see forex charts below). The euro gained against the Japanese yen.

World Economic News

Industrial production in Japan declined 4.2 percent in November year-on-year (YoY), according to the Ministry of Economy, Trade and Industry. The government reported that industrial output dropped 2.7 percent month-on-month (MoM). Industrial output in October fell 2.6 percent.

Shipments in Japan fell 1.6 percent in November (MoM). Analysts had expected a decline of 1.5 percent. The lower expectations was expected to be bearish on the Japanese currency.

The Bureau of Statistics in Australia said that December new car sales declined 2.9 percent compared to November. On a seasonally adjusted basis, December 2011 new motor vehicle sales were 84,403.

China is expected to cut their banks’ reserve requirement ratio by 50 basis points (bps) by the end of January, according to an unconfirmed report citing industry experts. This will likely push more money onto the market and could strengthen the euro and other currencies.

World FX

The U.S. dollar (USD) slipped against all major currencies with the exception of the British pound sterling (GBP). The Swiss franc (CHF) advanced against all major world currencies (see the cross tables below).

The USD gained 0.08 percent against the GBP (see the average dollar rate chart below); however the U.S. currency slipped 0.06 percent vs the Australian dollar (AUD), 0.40 percent vs the euro (EUR), 0.02 percent vs the Japanese yen (JPY), 0.44 percent vs the CHF and 0.03 percent vs the Canadian dollar (CAD).

The greenback turned around vs the CAD and the GBP later in the day (see intraday chart below). The USD/JPY hit 76.66, the GBP/USD hit 1.2784, the GBP/USD hit 1.5353, the CAD/USD hit 1.0141, the USD/HKD hit 7.7627, and the AUD/USD hit 1.04.

By: Tom Madison
Business Reporter

Dollar Exchange Rate Chart:

Tuesday Average Surveys 1 - 3 % Change Day % Change Wk % Ch 30-Day Ch 100-Day
1/17/2012 Average 1US$ = Currency Pos=$US Gain Pos=$US Gain Pos=$US Gain Pos=$US Gain
0.9616 Average Against Aussie -0.06% -0.96% -1.58% 0.80%
0.7823 Average Against Euro € -0.40% -0.51% 5.10% 12.70%
76.7435 Average Against Yen ¥ -0.02% -0.19% -1.66% -0.80%
0.6512 Average Against Pound £ 0.08% -0.21% 1.86% 6.13%
0.9464 Average Against Franc -0.44% -0.67% 2.84% 19.31%
1.0140 Average Against Canadian -0.03% -0.44% -0.25% 2.76%
Average 1Currency = US$ Pos=$US Loss Pos=$US Loss Pos=$US Loss Pos=$US Loss
1.0400 Average Against Aussie 0.06% 0.97% 1.61% -0.80%
1.2784 Average Against Euro 0.40% 0.51% -4.85% -11.27%
0.0130 Average Against Yen 0.02% 0.19% 1.69% 0.80%
1.5355 Average Against Pound -0.08% 0.22% -1.82% -5.78%
1.0567 Average Against Franc 0.44% 0.67% -2.76% -16.19%
0.9862 Average Against Canadian 0.03% 0.44% 0.25% -2.68%

Intraday Dollar Chart:

Green = $ UP Intra-Day Trend Green = $ UP
Red = $ Down 1/17/2012 Survey 5A Survey 5B Survey 5C Red = $ Down
From Previous Time PT 12:00 AM 6:00PM 9:30PM Intra-Day Average
0.21% USD/JPY 76.82 76.82 76.66 -0.21% 76.767
-0.04% EUR/USD 1.2722 1.2722 1.2784 0.49% 1.274
-0.25% GBP/USD 1.5326 1.5326 1.5353 0.18% 1.534
0.13% CAD/USD 1.0157 1.0157 1.0141 -0.16% 1.015
-0.03% USD/HKD 7.7639 7.7639 7.7627 -0.02% 7.764
-0.13% AUD/USD 1.0372 1.0372 1.04 0.27% 1.038
0.03% USD/CNY 6.3136 6.3136 6.3109 -0.04% 6.313

Cross Tables:

Survey 1 January 17 2012 6:00 PM
1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD $ 0.1288 1.0399 0.9861 1.0565 1.5356 0.013 1.2782 -
EUR € 0.1008 0.8136 0.7715 0.8266 1.2013 0.0102 - 0.7823
JPY ¥ 9.8757 79.7242 75.5964 80.9973 117.721 - 97.9913 76.6623
GBP £ 0.0839 0.6772 0.6422 0.688 - 0.0085 0.8324 0.6512
CHF franc 0.1219 0.9843 0.9333 - 1.4534 0.0123 1.2098 0.9465
CAD 0.1306 1.0546 - 1.0714 1.5572 0.0132 1.2962 1.0141
AUD 0.1239 - 0.9482 1.016 1.4766 0.0125 1.2291 0.9616
HKD 8.0727 7.6548 8.2016 11.9202 0.1013 9.9224 7.7627

One-Day Change:

Pos Means Top Currency Gained One Day Change January 17 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.078% 0.048% 0.010% 0.437% -0.085% 0.000% 0.401%
EUR € -0.297% -0.343% -0.387% 0.036% -0.480% 0.000% -0.407%
JPY ¥ 0.045% 0.031% -0.012% 0.422% -0.100% 0.382% -0.017%
GBP £ 0.119% 0.133% 0.094% 0.511% 0.000% 0.483% 0.077%
CHF -0.408% -0.385% -0.437% -0.520% -0.806% -0.041% -0.431%
CAD 0.000% 0.047% 0.431% -0.090% 0.000% 0.387% -0.010%
AUD $ 0.000% -0.042% 0.395% -0.135% 0.000% 0.351% -0.052%
HKD -0.014% -0.056% 0.377% -0.146% 0.000% 0.337% -0.062%

30-Day Change:

Pos Means Top Currency Gained 30- Day Change January 17 2012 6:00 PM
Survey 1 1 HKD 1 AUD 1 CAD 1 CHF 1 GBP 1 JPY 1 EUR 1 USD
USD 0.08% 1.40% -0.16% -3.16% -2.13% 1.56% -5.17%
EUR 5.55% 6.94% 5.28% 2.13% 3.20% 7.37% 5.45%
JPY -1.42% -0.14% -1.69% -4.64% -3.63% -6.62% -1.53%
GBP 2.32% 3.61% 2.02% -1.05% 3.66% -3.10% 2.18%
CHF 3.39% 4.71% 3.09% 1.06% 4.24% -2.07% 3.26%
CAD 0.23% 1.57% -3.01% -1.98% 1.54% -5.01% 0.17%
AUD -1.27% -1.56% -4.50% -3.49% 0.00% -6.48% -1.38%
HKD 1.30% -0.27% -3.27% -2.24% 1.50% -5.27% -0.11%

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