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CURRENCY
OUTLOOK
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 USD
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 EUR
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 GBP
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USD Index
down to 95.12
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S&P 500
up to 2090.25
The US Dollar Index slipped lower despite core durable goods orders
surging due to the transportation sector. However, business spending proved
weak which is impacting economic growth.
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EURUSD up to
1.1192
The Euro rose on the weaker US Business Spending and managed to hit a
session high above 1.1200. However, the stronger US Pending Home Sales
result of 5.1% capped most of the currency pair's gains.
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GBPUSD down
to 1.4662
The Cable initially rose on the UK GDP reading which met forecasts at
0.4% but slipped as it became clear that exports and investment was weak.
The pair will now focus on the US Preliminary GDP data.
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 CHF
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 JPY
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 AUD
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USDCHF down
to 0.9888
The US Dollar depreciated slightly against the Swiss Franc despite the
surge in US Durable Goods Orders. The pair is likely to have a quiet end to
the week but watch for the Swiss Employment Level and US Preliminary GDP
figures.
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USDJPY down
to 109.73
The USDJPY was under pressure early as the pair reacted to the Durable
Goods Orders data. The JPY CPI figures are due shortly and will drive the
pair's trend.
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AUDUSD up to
0.7222
The AUD capitalised on the US Dollar's weaker sentiment and rose above
the key 0.72 handle. On the news front, the pair will now focus on the US
GDP result.
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 NZD
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 CNY
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 XAU
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NZDUSD up to
0.6741
Despite some volatility following the NZ Annual Budget the pair managed
to gain against the greenback. Watch for Fed Chair Yellen's pending speech.
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USDCNY up to
6.5571
The PBOC weakened the Yuan fixing as the 'liberalization' of the
currency appears to be faltering. Watch for the CNY Manufacturing PMI
result, due out next week.
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XAUUSD down
to $1,219.60
Gold extended is streak of losses to 7 straight days as the metal
readjusts ahead of June's FOMC meeting. Keep a close watch on Janet
Yellen's pending speech.
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