Euro Commentary for 1-Nov-01

Euro Commentary:
Tables & Charts

Investors sold the Euro for the US Dollar as the US Q3 GDP came in at -0.4%, above market expectations of -1.0%. Yesterday the EUR/USD tumbled to 0.898 and closed at 0.9003, with a loss of 43 points on the day. Remarks from the ECB board members that the central bank’s interest rates are low enough seemingly reduce...continued 

Euro Focus

Click Charts to Enlarge
Day's Change 52-Week High 52-Week Low

Instrument

Current

 Points % Date Value Date Value
Exchange Rates

31-Oct-01
EUR/USD - 3m Fwd This marker indicates the current chart. -  -  -  -  -  -  - 
EUR/USD - Spot This marker indicates the current chart. 0.9007 -0.0081 -0.90% 5-Jan-01 0.9517 5-Jul-01 0.8369
 
Interest Rates

31-Oct-01
EUR 3M Dep Rate This marker indicates the current chart. 3.4950% -0.0100% -0.29% 1-Nov-00 5.1050% 31-Oct-01 3.4950%
EUR ON Dep Rate This marker indicates the current chart. 3.8350% 0.0800% 2.09% 22-Feb-01 5.7500% 21-Sep-01 3.0000%
USD 3M Deposit This marker indicates the current chart. 2.1050% -0.0350% -1.66% 21-Nov-00 6.6600% 31-Oct-01 2.1050%
USD ON Deposit This marker indicates the current chart. 2.6650% 0.1200% 4.50% 29-Dec-00 6.9800% 19-Sep-01 1.1000%
 
Indices

31-Oct-01
CAC 40 This marker indicates the current chart. 4,341.29 89.36 2.06% 1-Nov-00 6,409.05 21-Sep-01 3,652.87
DAX This marker indicates the current chart. 4,559.13 15.15 0.33% 6-Nov-00 7,136.30 21-Sep-01 3,787.23
DJIA This marker indicates the current chart. 9,075.14 -46.84 -0.52% 21-May-01 11,337.92 21-Sep-01 8,235.81
FTSE 100 This marker indicates the current chart. 5,039.71 36.11 0.72% 8-Nov-00 6,522.00 21-Sep-01 4,433.69
NASDAQ This marker indicates the current chart. 1,690.20 22.79 1.35% 3-Nov-00 3,451.58 21-Sep-01 1,423.19
 

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Source: Telekurs

part 1...the prospect of an interest rate cut in the immediate-term. This may pressure the EUR/USD lower. Today’s market focus is fixed on the release of NAPM. A better-than-expected data may be supportive for a further decline in the EUR/USD to the 0.8900 area. The current support is at 0.8950, resistance is at 0.9064.

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