Latest Previous %Chg Daily Daily %Chg Dollar Rates Close High Low 12/31 USD/JPY Japan 79.49-52 79.43-46 +0.08 79.60 79.18 +3.37 EUR/USD Euro 1.2494-96 1.2481-83 +0.10 1.2507 1.2452 -3.59 GBP/USD U.K. 1.5487-92 1.5484-89 +0.02 1.5500 1.5464 -0.34 USD/CHF Switzerland 0.9612-14 0.9620-24 -0.09 0.9644 0.9604 +2.57 USD/CAD Canada 1.0297-302 1.0313-18 -0.16 1.0324 1.0296 +0.88 AUD/USD Australia 0.9898-902 0.9862-66 +0.36 0.9914 0.9852 -3.02 NZD/USD New Zealand 0.7720-26 0.7688-93 +0.43 0.7726 0.7672 -0.68 Euro Rates EUR/JPY Japan 99.30-34 99.14-19 +0.16 99.54 98.74 -0.24 EUR/GBP U.K. 0.8065-68 0.8059-62 +0.07 0.8069 0.8053 -4.61 EUR/CHF Switzerland 1.2008-12 1.2008-12 0.00 1.2012 1.2010 -1.33 EUR/CAD Canada 1.2867-74 1.2871-79 -0.04 1.2881 1.2856 -2.73 EUR/AUD Australia 1.2618-24 1.2649-58 -0.26 1.2653 1.2614 -0.59 EUR/DKK Denmark 7.4307-44 7.4310-49 -0.01 7.4361 7.4262 -0.04 EUR/NOK Norway 7.5274-310 7.5439-506 -0.24 7.5489 7.5262 -2.79 EUR/SEK Sweden 8.8577-648 8.8933-9003 -0.40 8.8982 8.8494 -0.62 EUR/CZK Czech Rep. 25.609-40 25.584-643 +0.04 25.646 25.592 +0.11 EUR/HUF Hungary 297.34-86 297.30-97 -0.01 297.68 297.14 -5.55 EUR/PLN Poland 4.3402-52 4.3470-543 -0.18 4.3558 4.3358 -2.79 Yen Rates AUD/JPY Australia 78.69-74 78.33-42 +0.43 78.90 78.10 +0.63 GBP/JPY U.K. 123.11-19 122.98-03 +0.10 123.36 122.59 +3.02 CAD/JPY Canada 77.16-23 76.98-07 +0.23 77.27 76.77 +2.47 NZD/JPY New Zealand 61.37-44 61.06-13 +0.51 61.49 60.82 +2.66 Other Dollar Rates USD/CZK Czech Rep. 20.495-520 20.497-543 -0.06 20.566 20.494 +3.83 USD/HUF Hungary 237.98-8.38 238.19-70 -0.11 238.85 238.10 -2.04 USD/DKK Denmark 5.9472-98 5.9537-59 -0.11 5.9692 5.9434 +3.68 USD/NOK Norway 6.0247-72 6.0440-86 -0.34 6.0511 6.0210 +0.83 USD/PLZ Poland 3.4738-76 3.4827-82 -0.28 3.4943 3.4718 +0.83 USD/RUB Russia 32.739-90 32.677-743 +0.17 32.896 32.624 +1.91 USD/SEK Sweden 7.0894-946 7.1252-98 -0.50 7.1333 7.0810 +3.08 USD/ZAR S. Africa 8.4208-330 8.4641-758 -0.51 8.4728 8.4200 +4.20 USD/CNY China 6.3715-36 6.3623-44 +0.14 6.3775 6.3732 +0.85 USD/HKD Hong Kong 7.7587-94 7.7601-09 -0.02 7.7603 7.7586 -0.10 USD/MYR Malaysia 3.1801-66 3.1663-728 +0.44 3.1847 3.1726 +0.19 USD/INR India 55.995-6.005 55.610-700 +0.62 56.050 55.673 +5.61 USD/IDR Indonesia 9421-81 9405-5 +0.49 9421 9430 +4.63 USD/PHP Philippines 42.851-3.092 42.919-3.020 +0.00 42.879 43.080 -2.00 USD/SGD Singapore 1.2835-38 1.2860-67 -0.21 1.2868 1.2822 -0.99 USD/KRW S. Korea 1169.19-71.60 1170.39-2.80 -0.10 1173.39 1168.30 +0.84 USD/TWD Taiwan 29.919-80 29.899-960 +0.07 29.949 29.950 -1.04 USD/THB Thailand 31.633-96 31.628-88 +0.02 31.699 31.626 +0.21 USD/VND Vietnam 20822-1473 20945-1015 +0.80 20822 21473 +0.52 USD/BRR Brazil 2.0567-98 2.0607-72 -0.28 2.0637 2.0588 +10.32 USD/MXN Mexico 14.0696-842 14.0891-979 -0.12 14.1151 14.0578 +0.94 USD/ARS Argentina 4.4817-90 4.4859-932 -0.09 4.4897 4.4886 +4.10 Source: ICAP Plc.
Monday, 11 June 2012
Interbank Foreign Exchange Rates
2012.06.11 18:50:16 Interbank Foreign Exchange Rates At 14:50 EST / 1850 GMT
Latest Previous %Chg Daily Daily %Chg Dollar Rates Close High Low 12/31 USD/JPY Japan 79.40-44 79.60-65 -0.26 79.72 79.36 +3.26 EUR/USD Euro 1.2493-96 1.2638-42 -1.15 1.2668 1.2484 -3.59 GBP/USD U.K. 1.5494-96 1.5509-15 -0.11 1.5581 1.5492 -0.30 USD/CHF Switzerland 0.9611-16 0.9501-11 +1.13 0.9619 0.9481 +2.57 USD/CAD Canada 1.0312-14 1.0219-29 +0.87 1.0312 1.0202 +1.01 AUD/USD Australia 0.9887-88 0.9984-89 -0.99 1.0007 0.9888 -3.15 NZD/USD New Zealand 0.7710-12 0.7766-74 -0.76 0.7785 0.7710 -0.84 Euro Rates EUR/JPY Japan 99.20-24 100.55-69 -1.39 100.90 99.20 -0.34 EUR/GBP U.K. 0.8062-65 0.8146-50 -1.04 0.8157 0.8054 -4.64 EUR/CHF Switzerland 1.2008-12 1.2010-20 -0.04 1.2018 1.2006 -1.33 EUR/CAD Canada 1.2884-88 1.2914-31 -0.28 1.2948 1.2845 -2.62 EUR/AUD Australia 1.2637-40 1.2653-69 -0.18 1.2681 1.2588 -0.45 EUR/DKK Denmark 7.4311-46 7.4295-353 +0.01 7.4432 7.4196 -0.03 EUR/NOK Norway 7.5381-436 7.5724-908 -0.54 7.5898 7.5294 -2.64 EUR/SEK Sweden 8.8929-9006 8.8881-9019 +0.02 8.9125 8.8590 -0.22 EUR/CZK Czech Rep. 25.563-620 25.264-384 +1.06 25.608 25.302 -0.01 EUR/HUF Hungary 296.38-98 293.98-05 +0.77 296.86 293.64 -5.84 EUR/PLN Poland 4.3384-460 4.2755-885 +1.41 4.3455 4.2574 -2.80 Yen Rates AUD/JPY Australia 78.50-54 79.44-56 -1.23 79.69 78.50 +0.38 GBP/JPY U.K. 123.02-10 123.45-57 -0.37 124.06 123.04 +2.94 CAD/JPY Canada 76.98-7.04 77.82-94 -1.11 78.09 77.02 +2.23 NZD/JPY New Zealand 61.22-27 61.83-92 -1.02 61.97 61.22 +2.39 Other Dollar Rates USD/CZK Czech Rep. 20.460-504 19.984-20 +2.26 20.486 20.000 +3.70 USD/HUF Hungary 237.22-66 232.61-03 +1.94 237.53 232.30 -2.34 USD/DKK Denmark 5.9477-96 5.8785-812 +1.17 5.9536 5.8678 +3.68 USD/NOK Norway 6.0334-68 5.9902-06 +0.65 6.0401 5.9850 +0.98 USD/PLZ Poland 3.4725-80 3.3830-925 +2.58 3.4777 3.3668 +0.82 USD/RUB Russia 32.742-816 31.846-03 +0.41 32.809 31.930 +1.96 USD/SEK Sweden 7.1177-228 7.0329-417 +1.18 7.1251 7.0134 +3.49 USD/ZAR S. Africa 8.4557-708 8.3100-488 +1.61 8.4734 8.2634 +4.65 USD/CNY China 6.3575-96 6.3739-60 -0.26 6.3741 6.3464 +0.63 USD/HKD Hong Kong 7.7603-10 7.7576-82 +0.04 7.7606 7.7576 -0.08 USD/MYR Malaysia 3.1675-740 3.0754-2020 +1.02 3.1865 3.1646 -0.21 USD/INR India 55.600-700 55.418-33 +0.41 55.810 55.090 +4.95 USD/IDR Indonesia 9398-414 9157-525 +0.70 9445 9385 +4.13 USD/PHP Philippines 42.827-3.068 43.128-368 -0.69 43.229 43.000 -2.06 USD/SGD Singapore 1.2843-46 1.2740-48 +0.79 1.2844 1.2730 -0.93 USD/KRW S. Korea 1170.39-2.80 1134.59-82.10 +1.14 1170.99 1165.90 +0.95 USD/TWD Taiwan 29.889-950 29.889-970 -0.03 29.949 29.900 -1.14 USD/THB Thailand 31.609-60 30.568-02 +1.39 31.671 31.586 +0.11 USD/VND Vietnam 20945-1015 20557-1206 +0.47 20960 21000 -0.27 USD/BRR Brazil 2.0437-502 2.0031-432 +1.18 2.0453 2.0192 +9.72 USD/MXN Mexico 14.0554-86 13.8279-820 +1.46 14.0685 13.8154 +0.80 USD/ARS Argentina 4.4831-904 4.3559-4826 +1.53 4.4861 4.4730 +4.13 Source: ICAP Plc.
ECB's Coene: Spain Banking Aid Decision Will Prevent Contagion
By Frances Robinson
BRUSSELS--The decision to provide assistance to Spain's banks will prevent further contagion in the euro zone, a member of the European Central Bank governing council said Monday.
Over the weekend, Spain said it would accept up to 100 billion euros ($125 billion) in guarantees for its troubled banks and is expected to make a formal request for the money this week, although independent assessments of the amounts required will only come towards the end of June.
"What's positive is we've got a mechanism in place that will allow us to isolate the Spanish problem," Luc Coene told reporters. "This risk is now being limited, it's under control, we've got the necessary resources to do that."
Statements about the bailout by Spain and the European Union have left several open questions, including the exact amount of aid the country will need and how the funds will be disbursed.
And while Coene said details needed to be finalized about how the money will flow from the permanent bailout fund--the European Stability Mechanism--to Spain's banks, he advocated taking the best approach according to circumstances.
He also said the funding decision wouldn't affect the European Central Bank's exceptional policy measures, such as the securities markets program of bond-buying, which was designed to improve monetary policy transmission.
"There is no connection between the two things," he said.
Asked if the structure of senior creditors within the ESM could cause problems, Coene replied he "didn't think so."
"ESM debt is senior, but that is not in itself enough to have a credit event," he said, adding that the final details have yet to be confirmed.
"This has nothing to do with ratings, or non-compliance with conditions," he said.
Initial market reaction to the deal shouldn't be over-interpreted as "it's not unusual for markets to fluctuate," he added.
Spanish government bond prices fell Monday, after an initial relief rally as concerns mounted that the deal will load more debt on to the Spanish state and threaten to subordinate bondholders behind official creditors.
Write to Frances Robinson at frances.robinson@dowjones.com
BOE's Posen: Bank of England Should Buy Small Business Loans
By Jason DouglasLONDON--The Bank of England should purchase bundles of small business loans in an effort to boost the supply of credit and end an "investors' strike" that is holding back the economy, BOE rate-setter Adam Posen said Monday.
In a reprise of an earlier appeal, Posen said major central banks around the world should engage in a fresh round of stimulus and target their efforts at parts of their economies most in need of official help.
In the U.S., that is the residential mortgage market. In the U.K., it is lending to small businesses, Mr. Posen said, according to a text of his speech.
"The critical gap to be addressed is in lending to small and medium enterprises, and new businesses," he said.
Mr. Posen said risk-aversion among investors is preventing the extra cash pumped into the U.K. economy by the BOE through its asset purchase program from sparking a revival in investment--an investors' strike that monetary policy should seek to bring to an end.
His proposal calls for the BOE to buy small business loans, thereby spurring banks to lend more to small firms in the knowledge the central bank stands ready to snap up those loans.
Mr. Posen first made his proposal in September last year but the idea met resistance from BOE Governor Mervyn King, who argues that only elected lawmakers can risk taxpayers' money on risky loans. The BOE's GBP325 billion asset purchase program has focused almost exclusively on U.K. government bonds, or gilts.
Mr. Posen, who steps down from the Monetary Policy Committee in August to head the Petersen Institute in Washington, a think tank, said those concerns should be assuaged if the government vowed to indemnify the central bank against any losses.
UPDATE: ECB Urges Adoption of Long-Term View in Accounting Practices
By Kathleen MadiganEconomists expect little joy to be found in this week's flurry of reports. The weak readings will give Federal Reserve policy makers much to consider when they meet next week, on June 19 and 20.
Wednesday's retail sales report is expect to show shoppers pulled back in May. The median forecast is that total sales dropped 0.3% in May. Excluding autos, store sales likely slipped 0.1%, in part because of falling prices at gasoline stations.
Forecasters also think the industrial sector downshifted in May, though that followed a large 1.1% jump in April. Industrial production, out Friday, is expected to show a small 0.1% gain last month, and capacity use is expected to remain at 79.2%.
Two early looks at June are also on tap this week. The Empire State survey from the Federal Reserve Bank of New York, scheduled for Friday, is expected to show weakness in June, after a strong showing in May. The business conditions index is projected to slow to 10.7 this month from 17.09 in May.
The preliminary June reading of consumer sentiment, also out Friday, is forecast to drop to 77.0 from the end-May reading of 79.3.
Economists also think falling oil prices brought down top-line inflation in May.
The producer price index, scheduled for Wednesday, is projected to have fallen 0.8% in May, while the core index, which excludes food and energy, is expected to have increased 0.2%.
The median forecast for the consumer price index, due Thursday, is for a 0.3% drop in May, with the core index up 0.2%.
DATE TIME RELEASE PERIOD CONSENSUS PREVIOUS
(ET)
Tuesday 0730 NFIB Small Business May 94.5 94.5
0830 Import Prices May -1.1% -0.5%
1400 Federal Budget May -$125.0B -$57.6B*
Wednesday 0830 Producer Prices May -0.8% -0.2%
-excl food & energy May +0.2% +0.2%
0830 Retail Sales May -0.3% +0.1%
-excl autos May -0.1% +0.1%
1000 Business Inventories Apr +0.3% +0.3%
Thursday 0830 Jobless Claims Jun 9 375K 377K
0830 Consumer Prices May -0.3% Unch
-excl food & energy May +0.2% +0.2%
0830 Current Acct Balance 1Q -$134.0B -$124.1B
Friday 0830 NY Fed Empire St Svy Jun 10.7 17.09
0915 Industrial Production May +0.1% +1.1%
0915 Capacity Utilization May 79.2% 79.2%
0955 Reuters/UMich Consumer
Sentiment (prelim) Jun 77.0 79.3**
*May 2011 reading
**end-May reading
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