Sunday, August 30, 2009

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The dollar was mixed against the majors in the Wednesday session, largely confined within recent ranges in lackluster trading. The greenback recovered from its session lows versus the euro at 1.4350 to hover near the 1.4230-level, while pushing the Canadian dollar just shy of the 1.10-figure.

New home sales posted a strong reading in July, surging by its largest figure in nearly 4-years, up by 9.6% to 433k units versus 384k units from June. Building permits were drifted by 1.1% to 564k units in July. Meanwhile, durable goods orders were sharply better than expected, posting a gain of 4.9% versus a 2.2% decline a month earlier in June. The excluding transports July durable goods orders also improved, edging higher by 0.8% compared with a 1.6% increase a month earlier.

In the coming session, traders will look ahead to weekly jobless claims and more importantly, the preliminary reading for Q2 GDP. Weekly jobless claims are expected improve to 565k from 576k a week earlier. Meanwhile, economic growth in the second quarter is expected to post a 1.4% contraction, deteriorating further from a 1.0% contraction in the previous quarter. The Q2 PCE is expected to hold steady at 1.3%.

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US Dollar TT
82.50
83.20
US Dollar DD
82.50
83.20
Currency Notes
Australian Dollar
68.80
69.80
Bahrain Dinar
218.25
221.00
Canadian Dollar
75.30
76.30
China Yuan
12.00
13.50
Danish Krone
15.80
16.20
Euro
118.00
119.50
Hong Kong Dollar
10.55
10.90
Indian Rupee
1.70
1.80
Japanese Yen
0.8740
0.8840
Kuwaiti Dinar
284.40
287.00
Malaysian Ringgit
23.00
24.50
NewZealand $
56.20
57.20
Norwegians Krone
13.70
14.10
Omani Riyal
213.85
217.00
Qatari Riyal
22.60
22.90
Saudi Riyal
21.92
22.12
Singapore Dollar
56.90
57.90
Swedish Korona
11.60
12.00
Swiss Franc
77.60
78.60
Thai Bhat
2.40
2.60
U.A.E Dirham
22.42
22.62
UK Pound Sterling
134.00
135.50
US Dollar
82.60
83.00

International Market Rates
Inter Bank Rates

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