European Morning Forex Wrap Up

Monday, 31/08/2009 | 11:11 GMT

Data

Japanese Housing Starts were -32.1% in July from -32.4% in June
Japanese Construction Orders fell by 42.8% year on year in July from -28.0 in June
Spanish Current Account deficit narrowed from EUR 4.99 bio in May to EUR 3.33 bio in June
Italian Retail Sales in Italy were a seasonally adjusted -0.4% m/m in June, -0.8% unadjusted y/y.
Retail sales in Norway for July were +2.3% m/m.
Retail sales in Greece for June were -14.2% y/y down from -14.4% in May.
Euro zone Inflation flash estimate y/y in August was -0.2% from-0.7% the previous month.
Italian CPI (prelim) for August was +0.4% m/m from flat in July.
Italian CPI (EU normalized) preliminary estimate for August was +0.3% m/m from -1.2% the previous month and +0.2% y/y from -0.1%

The major moves happened during the Asian session on the back of the Japanese General Election result. The markets this morning have been jerky due to thin trading because of the UK Bank Holiday today.

Ranges

EUR/USD 1.4255 1.4297

GBP/USD 1.6185 1.6250

USD/JPY 92.64 93.10

AUD/USD 0.8366 0.8396

USD/CAD 1.0938 1.1000

EUR/JPY 132.22 132.96

Asian Stock Markets

Nikkei closes at 10,492-53 down 41.61 (-0.39%) on the session.

Hang Seng Index closes at 19,728-19 down 370.43 (-1.84%) on the session.

European Stock Markets

FTSE no trading UK Bank Holiday