Sterling had a mixed day weakening off against the euro and the US dollar; but, strengthening against the commodity backed currencies as risk aversion was the main driver in the market once more. With very little data released from the UK today the market will look elsewhere for influence so call in now for a live quote and the latest news.

The euro was weak against the Japanese yen and US dollar yesterday; but, was strong against the majority of other currencies. Fears that Spain would be the next European country needing a bail out were at the forefront of investor’s minds as Spanish bond yields rose once again. Another light day for data in the Eurozone today means the markets will look for any further developments regarding Spain for influence. Call in now for a live quote and the latest news.

The US dollar had a strong day strengthening against the majority of currencies bar the Japanese yen as risk aversion drove the market. Data released from the US today includes the Federal government’s monthly budget balance figures, the Beige book and a member of the Federal Open Market Committee is also speaking. Call in now for the latest news and a live update.

Elsewhere, The New Zealand dollar, Australian dollar and Canadian dollar all had a poor day yesterday as China unexpectedly posted a trade balance surplus of US$ 5.4 billion yesterday. The Japanese central bank kept its official call rate on hold and did not expand its asset purchase facility which saw the yen strengthen against the majority of currencies. Business confidence figures from New Zealand were released late last night and data from Australia, Canada, Japan and China is also released today, so call in now for the latest news and a live quote.

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