2012-01-24 07:30 GMT

Euro Yen rallies from the eleven years lows seen over recent weeks

The euro gained 0.6 percent to $1.3013 at 5 p.m. New York time after rising to $1.3053, the highest level seen since Jan. 4. The seventeen nation common currency advanced 0.6 percent to 100.25 yen, while the dollar was little changed at 77.02 yen. EUR/JPY accelerated higher on Monday from an earlier test of 99.00, reaching fresh 4-week highs in the 100.50 price zone before ending trade in New York at 100.22, 0.70% higher on the day. a significant move away from the fresh eleven year lows being reached over recent weeks. The pound weakened 0.8 percent to 83.66 pence per euro at 5:01 p.m. London time. Sterling was little changed at 119.87 yen and $1.5580. The rally of the Pound versus the Dollar finally stalled at the key round number level of 1.5600 as the Greenback managed to trim its losses across the board. USD/CHF dropped more than 120 pips on Monday, sliding to its lowest level since Dec 21 at 0.9250 before recovering, the pair was printing around circa 0.9260, down 1.2% on the day earlier in the evening.

Australia’s dollar gained 0.4 percent to $1.0525, and New Zealand’s currency advanced 0.5 percent to 81.01 cents. Interest rates are 4.25 percent and 2.5 percent respectively, compared with near zero rates in the U.S. and Japan making their deposit rates and carry trade possibilities highly attractive. Canada’s dollar appreciated to within a cent of parity with the U.S. currency in the afternoon session as leading economic indicators increased for a sixth month in December, according to Statistics Canada. The loonie gained 0.5 percent to C$1.0086 per U.S. dollar. It has not traded above parity since Nov. 1. The Canadian dollar also traded within one tenth of a cent of a 15-year low versus its Australian counterpart. The loonie was little changed at C$1.0617 today, after dropping to C$1.0663 yesterday. It reached C$1.0666 per Australian dollar Oct. 28, the weakest level since May 1997

2012-01-24 03:35 GMT

Japan BoJ Interest Rate Decision (Jan 24)

2012-01-24 08:28 GMT

Germany Purchasing Manager Index Manufacturing (Jan)

2012-01-24 08:58 GMT

European Monetary UnionPurchasing Manager Index Manufacturing (Jan)

2012-01-24 09:30 GMT

United Kingdom Public Sector Net Borrowing (Dec)

2012-01-24 06:48 GMT

EUR/USD flat after Asian session

2012-01-24 04:34 GMT

GBP/USD retreats from 1.5600 on run to safety

2012-01-24 03:36 GMT

Japan Jan 24 BoJ Interest Rate Decision steadies at 0.1%

2012-01-24 02:08 GMT

EUR/AUD finds a short term base above 1.2350