Major Currency Pairs Analysis: September 20, 2013

By ICM BrokersCurrenciesSep 20, 2013 05:35AM ET

www.investing.com/analysis/major-currency-pairs-analysis:-september-20,-2013-184596

Major Currency Pairs Analysis: September 20, 2013

By ICM Brokers | Sep 20, 2013 05:35AM ET

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EUR/USD

-0.76%

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GBP/USD

-0.54%

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USD/JPY

+0.55%

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USD/CAD

+0.73%

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BETI

+0.47%

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EUR/USD
The euro was near a seven-month high before data forecast to show consumer confidence was the strongest in more than two years in the 17-nation currency bloc and manufacturing expanded for a third month. The shared currency traded 0.4 percent from an almost four-year high versus the yen before European Central Bank President Mario Draghi speaks next week. The euro fetched $1.3540.

EUR/USD" title="EUR/USD" src="https://d1-invdn-com.akamaized.net/content/pic202fd2a4589c502a179e97b34f407677.png" height="467" width="623">

GBP/USD
The pound dropped by the most in seven weeks against the dollar after a government report showed U.K. retail sales unexpectedly declined in August. Retail sales have proved a bit of a reality check for sterling,” said Simon Smith, chief economist at FoxPro Group Ltd. in London. “There had a decent run of better-than-expected data in the U.K. which had been pushing the pound higher and the Fed just gave it last push above $1.60. It had the wind taken out of its sails a bit. The pound weakened 0.6 percent to $1.6025.

GBP/USD" title="GBP/USD" src="https://d1-invdn-com.akamaized.net/content/pic460daa13b7c340fe97a8d10c3874dca2.png" height="467" width="623">

USD/JPY
Japan’s currency slid after a central-bank policy maker said pressure may mount to expand stimulus. The dollar fluctuated to a seven-month low as Fed policy makers maintained monthly bond purchases at $85 billion. Bank of Japan Governor Haruhiko Kuroda said today that policy makers will continue to take appropriate action in conducting monetary policy. The yen was poised for weekly losses against 15 of its 16 major peers.

USD/JPY" title="USD/JPY" src="https://d1-invdn-com.akamaized.net/content/pic26d62aa25df960108976f846b2852f5f.png" height="467" width="623">

USD/CAD
Canada’s dollar fell from a three-month high as traders bet the currency had moved too far, too fast after slower U.S. growth prompted the Federal Reserve to unexpectedly maintain monetary stimulus yesterday. U.S. government debt rallied yesterday as the Fed maintained its $85 billion in monthly asset purchases, sending borrowing costs down and widening the interest-rate gap between Canadian and U.S. two-year government debt to the most since January.

USD/CAD" title="USD/CAD" src="https://d1-invdn-com.akamaized.net/content/picb19c2a6fedba29a8320ca0f5235e696b.png" height="467" width="623">

Disclaimer: Transactions in spot foreign exchange, spot metals and other off-exchange derivative contracts carry a high degree of risk. The amount of initial margin is small relative to the value of the contract, so that transactions are “leveraged”. A relatively small market movement will have a proportionately larger impact on the funds lodged by the Customer. This may work against you as well as for the Customer. You may sustain a total loss of initial margin funds and any additional funds deposited with the firm to maintain your position. If the market moves against your position or margin levels are increased, you may be called upon to pay substantial additional funds on short notice to maintain your position. If you fail to comply with a request for additional funds within the time prescribed, your position may be liquidated at a loss and you will be liable for any resulting deficit.

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The Japanese yen is slightly lower on Wednesday. In the North American session, USD/JPY is trading at 148.92, down 0.07% on the day. What is the best performing G-10 currency...

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Central Banks

Interest Rates

Next Meeting

FED

4.50%

Mar 19, 2025

ECB

2.90%

Mar 06, 2025

BOE

4.50%

Mar 20, 2025

SNB

0.50%

Mar 20, 2025

RBA

4.10%

Apr 01, 2025

BOC

3.00%

Mar 12, 2025

RBNZ

3.75%

Apr 09, 2025

BOJ

0.50%

Mar 19, 2025

CBR

21.00%

Mar 21, 2025

RBI

6.25%

Mar 10, 2025

PBOC

3.10%

BCB

13.25%

Mar 19, 2025

US 30	43,338.0	-96.3	-0.22%
US 500	5,898.0	-58.2	-0.98%
Dow Jones	43,355.78	-77.34	-0.18%
S&P 500	5,897.85	-58.33	-0.98%
Nasdaq	18,722.52	-352.74	-1.85%
S&P 500 VIX	20.03	+0.93	+4.87%
Dollar Index	107.175	+0.846	+0.80%

Crude Oil WTI	70.31	+1.69	+2.46%
Brent Oil	73.53	+1.46	+2.03%
Natural Gas	3.938	-0.021	-0.53%
Gold	2,889.80	-40.80	-1.39%
Silver	31.558	-0.714	-2.21%
Copper	4.5983	+0.0118	+0.26%
US Soybeans	1,024.25	-0.75	-0.07%

U.S. 10Y	4.286	+0.037	+0.87%
U.S. 30Y	4.553	+0.046	+1.02%
U.S. 5Y	4.105	+0.028	+0.69%
U.S. 3M	4.306	+0.005	+0.12%
US 10Y T-Note	110.56	-0.28	-0.25%
Euro Bund	132.88	-0.06	-0.04%
10-2 Yield Spread	17.88	-1.73	-8.82%

Apple	240.25	-0.11	-0.05%
Alphabet A	169.55	-3.18	-1.84%
Tesla	283.14	-7.66	-2.63%
Amazon.com	210.57	-3.78	-1.76%
Netflix	968.84	-21.22	-2.14%
Meta Platforms	662.45	-11.25	-1.67%
Bank of America	44.10	+0.16	+0.36%

Major Currency Pairs Analysis: September 20, 2013

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