Euro and Great Britain pound went down on the morning session in the forex market today(Feb.15,2011). Today the forex market was so unquiet as a serious of important economic data had been issued. Forex analyst pointed out that US dollar would continue to rise as the trend of forex market was as the same as expectation.

It was predicted that British CPI would increase to 4.0% on January. Bank of England would raise interest rate to restrain inflation.

Bank of England...

According to the report, the annual economic growth in China was very good last year. Although the rising of inflation in China became slow slightly, the world's major investment Banks upgraded inflation forecast in China and increased prediction that People’s Bank of China would take tightening monetary policy to restrain the inflation.

Chinese GDP increased by 10.3% in 2010, which was more than expectation. Meanwhile, Chinese Consumer Price Index increased by 3.3% last year....

Euro had been risen for a week long as the forex analysts predicted that European Central Bank would raise interest rate to restrain inflation. According to the record, Consumer Price Index increased by 1.0% in German on December,2010, which was the same as the expectation. German CPI totally increased by 1.7% in 2010, which was the same as expectation too.

Claude Trichet, president of European Central Bank, said that he would raise interest rate in a short term if necessary. The...

The data from China Foreign Exchange Trade System released that the forex rate of US dollar agaisnt Chinese yuan traded at 6.5896 yuan today(Jan.14,2011), which decreased 101 basic points.

USD versus RMB went down as the number of people filing for initial jobless claims in America rose accidently.

EUR/CNY traded at 8.7866 yuan; GBP/CNY was 10.4392;CNY/MYR was 0.46375 ringgit.

Talking Points

* Japanese Yen: Mixed Against Majors
* Pound: U.K. Banks Raise Borrowing Costs
* Euro: Holds Narrow Range For Third Day
* U.S. Dollar: ECB Trichet, Fed’s Yellen on Tap

The Euro fell back from a high of 1.4006 during the overnight trade to maintain the narrow range from the end of the previous week, and the exchange rate may hold steady throughout the day as the economic docket remains fairly light for Monday. The EUR/USD...