Daily Profiler
Produced every day by our Trading Desk, the Daily profiler aims to provide you with a close insight into the major currencies and to explain current market trends. Part of our fundamental forex analysis, the Daily Profiler is the perfect tool to understand what’s going on behind the scenes.
24 February 2012 (Updated 16:25 CET)Daily Currency Trends
| EUR | EUR extended its gains on Friday, in the absence of major data releases, risk sentiment remained buoyed and lifted riskier currencies higher.EUR broke above 1.34 against the USD, to a fresh 2-1/2 month high. | |
| GBP | GBP was initially under pressure and fell to a 2-1/2 month low against the EUR after dovish comments by two BoE policymakers increased expectations for more stimulus. But the GBP pared its losses and made strong gains against the USD and its other rivals on strong demand by corporates. It is up almost 0.70 percent on average versus its mahor rivals. | |
| CHF | CHF tracked the EUR higher across the board. It is up more than 1.50 percent versus the JPY and more than 0.60 percent against the USD. | |
| USD | USD weakness continued against its riskier rivals on Friday, but the USD extended its recent gains versus the JPY. USD fell more than half a percent versus the EUR, but is up more than 0.80 percent against the JPY. | |
| JPY | JPY fell to multi-month lows against the USD and EUR on Friday, on reported selling by Japanese importers. The JPY is down almost 6 percent versus the USD on the month so far and almost 9 percent against the EUR, weighed by the BOJ's easing measures taken earlier in the month and a shrinking current account surplus. | |
| AUD | Eased slightly against its riskier counterparts, after three Australian banks were downgraded by Fitch. It tracked other high yielding assets higher versus the USD and JPY. | |
| CAD | CAD fell against most of its rivals, hurt by concern over high oil prices and its potential impact on the euro zone crisis. | |
| NZD | NZD also gained against safe haven currencies but was under pressure against the GBP, EUR and CHF. |
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