NEWS / Foreign Exchange

European Forex Recap

• Dow Jones Industrial average closed Thursdays session lower by 5.44 points at 13,627.64

• FX rates as at 11.00pm EST GBP/USD 1.9795/00 EUR/USD 1.3450/53  USD/JPY 121.77/80  USD/CHF 1.2253/57  USD/CAD 1.0695/00  AUD/USD 0.8287/91  NZD/USD 0.7391/95

• Nikkei 225 closed Friday??™s session higher by 83.13 points at 17,958-88 (2.00am EST)

• Aussie dollar takes a nosedive as model funds square their positions ahead of Non-Farm Payrolls. Aussie drops like a stone from 0.8300 to 0.8282 and Aussie-yen falls from 101.14 to 100.90 (2.45am EST)

• German Retail sales for April +2.6% m/m (2.00am EST)

• European manufacturing PMI data for May

Switzerland 58.9 from 61.90 (3.30am EST)

Italy 55.0 from 53.90 (3.45am EST)

France 54.3 from 53.9 (3.50am EST)

German 56.1 from 57.0 (3.55am EST)

Euro-land 55.0 from 55.4 (4.00am EST)

U.K. 54.9 from 54.1 (4.30am EST)

• FX rates as at 6.50am EST GBP/USD 1.9778/83  EUR/USD 1.3433/36  USD/JPY 121.94/97  USD/CHF 1.2291/95  USD/CAD 1.0682/87  AUD/USD 0.8280/84  NZD/USD 0.7390/94

Economic data due out later today

8.30am   EST US Non-Farm Payrolls for May

8.30am   EST US Average hourly earnings for May

8.30am   EST US Unemployment rate for May

8.30am   EST US Personal Consumption and Expenditure for April

8.30am   EST US Personal Income for April

8.30am   EST US Personal Spending for April

10.00am EST US University of Michigan Survey

10.00am EST US ISM Manufacturing PMI for May

Ranges since 5pm EST Tuesday

GBP / USD:                1-9772             1-9810

EUR / USD:                1-3429             1-3456

USD / JPY:                 121-68             121-98

USD / CHF:                1-2248             1-2302

USD / CAD                 1.0680             1.0710

AUD / USD                 0-8269             0-8299

NZD / USD                 0-7360             0-7415