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November 20, 2009
Interbank mid-market spot exchange rate indications for transaction amounts greater than US $1 million equivalent - Rates reflect North America a.m. Eastern Time opening levels.
| Country |
Currency |
Exchange Rate |
| Australia |
Dollar |
$.9117 |
| Canada |
Dollar |
1.0695 |
| Czech Republic |
Koruna |
17.4260 |
| Denmark |
Kroner |
5.0135 |
| Euroland |
Euro |
$1.4845 |
| Japan |
Yen |
89.0500 |
| Mexico |
Peso |
13.0680 |
| New Zealand |
Dollar |
$.7245 |
| Norway |
kroner |
5.6695 |
| South Africa |
Rand |
7.5305 |
| Sweden |
Krona |
6.9700 |
| Switzerland |
Franc |
1.0190 |
| UK |
Pound |
$1.6480 |
| November 20, 2009 |
| Risk aversion is once again the norm, with the US Dollar gaining and the high yielding currencies falling. The Euro hit a 2 week low vs the greenback as traders squared their risk positions ahead of next week's Thanksgiving Holiday in the US and month end. European shares followed the Asian equity markets lower, while oil and gold prices slipped. US stock futures point to a lower open on Wall Street. Caution prevailed in the currency markets following comments made by European Central Bank President Trichet. He said that it was 'too early' to declare the financial crisis was over. The Bank of Japan kept interest rates unchanged at a record low .1% as expected, and upgraded its outlook for the economy. The US currency continued its struggles vs the Japanese Yen, staying under the 90 level all week and near the 6 week low that was reached yesterday. The Aussi and Kiwi Dollars fell to 2 week lows against the US Unit. The English Pound fell to a 2 1/2 week low vs the US currency on growing concerns over the UK's fiscal health. Data showed UK public finces deteriorated almost twice as fast as expected in October. Speculation is increasing that the UK government would have to increase its borrowing forecasts in December's pre-budget report. The Euro/Dollar trading range is expected to remain limited between the $1.4750-$1.5025 levels next week as trading activity will be light due to Japanese and US Holiday's. |
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