EUR:
The Euro rally which started on Friday after better than expected US non-farm
payroll figures continued yesterday but slowly began falling off as the day
went on. Investors shrugged off more disappointing eurozone data, with
confidence at its worst level for a year. The euro weakened after data showed
German industrial production declined by 4% in August from the previous month,
when it rose by 1.6%.

In Greece, Prime Minister Antonis Samaras yesterday asked for a vote of

EUR:
The Euro rally which started on Friday after better than expected US non-farm
payroll figures continued yesterday but slowly began falling off as the day
went on. Investors shrugged off more disappointing eurozone data, with
confidence at its worst level for a year. The euro weakened after data showed
German industrial production declined by 4% in August from the previous month,
when it rose by 1.6%.

In Greece, Prime Minister Antonis Samaras yesterday asked for a vote of
confidence in his government in order to try minimise growing speculation of
early elections and the political instability it has created.

USD:
The dollar fell sharply on Monday as did the stocks on Wall Street fell
after volatility picked up. With Friday’s U.S. non-farm payrolls
report fuelling speculation that the Federal Reserve will hike interest rates
 by mid-2015, lead the dollar to notching its 12th straight week
of gains, the longest weekly winning streak in more than 40 years

AUD:
The Australian dollar held its biggest gain in seven months after the Reserve
Bank pointed to an improvement in private demand after keeping policy settings
steady. With the RBA leaving interest rates at the record-low 2.5%, where it’s
been since August 2013, and clarified it sees a likely period of interest-rate
stability. However it said the exchange rate remains high by historical
standards.

Key Announcements:

09:30 – BST – GBP: UK industrial Production (Aug) expected
to be higher at 2.6%

Our dealers are available via e-mail ([email protected]) or by phone (020 7220 8181).