| Forex News Center | | | Forex Afternoon Archive |
Monday, 30 Nov 2009
U.S Chicago PMI will Determine Today's Trend
The U.S. Dollar awaits the publication of the Chicago PMI at 14:45 GMT from U.S. The result is expected to be 53.4, higher than the previous result of 54.2. This economic news release is expected to be the key driver of forex trading, and trading of the USD's main crosses as the U.S market opens.
So far today, the USD/JPY cross is virtually unchanged at the 86.50 level. The greenback is actually trading about 100 pips higher vs. the GBP, following a bullish movement for the GBP/USD cross in last week trading. Against the EUR, the EUR/USD is currently trading at 1.5010 levels.
