NEWS / Foreign Exchange

European Forex Recap

F/X Solutions

European Forex Recap

Date:  Monday, March 26, 2007 12.00am until 7.00am EST

Market Recap:

In earlier news

            Dow Jones Industrial Average closed up 19.87 @12,481.01 on Friday.

• Opening levels:-GBP/USD 1.9592/97  EUR/USD 1.3266/69  USD/JPY 117.91/94  USD/CHF 1.2194/98  USD/CAD 1.1622/27  AUD/USD 0.8033/37  NZD/USD 0.7095/99 (11.10am EST)
• Japans Nikkei 225 closed up by 41.35 points on Monday @17,521-96
• Dollar-yen trading with a bid tone as dollar-yen moves higher into the 118.25/28 area, but the move higher thwarted by offers reportedly protecting a 118.30 barrier option.
• Gaspari from the ECB reportedly saying that he would not be surprised if rates in the future would be somewhat higher (5.50am EST)
• Closing levels:-GBP/USD 1.9614/19  EUR/USD 1.3267/70  USD/JPY 118.16/19  USD/CHF 1.2212/16  USD/CAD 1.1610/15  AUD/USD 0.8060/64  NZD/USD 0.7138/42 (7.00am EST)

Economic data due out later today

8.30am   US Existing home sales for February

Session Ranges

GBP / USD:                 1-9581             1-9642

EUR / USD:                 1-3254             1-3281

USD / JPY:                  117-85             118-32

USD / CHF:                 1-2180             1-2210

USD / CAD                 1.1616             1.1630

AUD / USD                 0-8030             0-8060

NZD / USD                 0-7093             0-7138