EUR/USD
The EUR/USD added 23 points to trade at 1.2430 after a day of surprisingly good data. The ECB is currently buying covered bonds and asset-backed securities and will consider a quantitative-easing package at its next meeting in January. Eurostat, the drop in industrial production in November was led by energy, down 1.9 percent, and capital goods, down 0.2 percent. It said output fell in France, Spain and Italy, while it stagnated in Germany, the region's largest economy.
GBP/USD
The pound trade at 1.5727 on Monday .The US dollar is expected to remain strong this morning as the US has avoided a government shutdown and approved a 1.1 trillion dollar budget in a weekend session. US dollar traders are now waiting for the FOMC meeting which begins tomorrow.
AUD/USD
The Aussie tumbled 25 points this morning to trade at 0.8221.Australian Treasurer Joe Hockey earlier said that the underlying cash deficit will deteriorate to A$40.4 billion in the fiscal year ending June 30, 2015, compared to May’s estimate of A$29.8 billion. Australia’s government also forecast an unemployment rate of 6.5% by mid 2015, up from the May projection of 6.25% .
USD/JPY
USD/JPY was down 0.38% to 118.33, off Friday's highs of 119.19, and well below the seven-year peaks of 121.83 struck last Monday. The yen pushed higher against the dollar on Monday as steep falls in Japanese equities markets overnight boosted demand for safe haven assets, as concerns over falling oil prices and uncertainty ahead of this week's Federal Reserve meeting fuelled risk aversion.
Data Update for 15th Dec 2014