Archived Discussion Topic

Weekly Market Update 06-05-2011       started by HiFX on 09 May 2011   (23560)
Message InfoMessage
From HiFX

09 May 2011 11:42 PM
(110724)
A very busy week for economic data and interest rate decisions. GBPEUR high of 1.1280 and a low, a 13-month low of 1.1050 2% GBPUSD high 1.6730, close to the high from last week, the highest since Dec 2009 and a low 1.6380 2% EURUSD high 1.4940, highest since Dec 2009, low of 1.4515, just shy of 3% movement. GBPAUD high of 1.5520 and a low of 1.5120, a new low for 2011 and a fresh 26-year low 2.5% GBPNZD high of 2.10 and a low of 2.05 GBPCAD high of 1.5950 and a low of 1.5650 2% GBPCHF high of 1.45 and a fresh all time low of 1.41 Beginning with the currency we