Morning Call by Traders University

In forex news, the U.S. dollar fell yesterday against a basket of currencies to its lowest level in eleven months as rising global equity markets and encouraging economic data from around the world eroded the greenback’s safe-haven appeal. Positive manufacturing reports from the United States, Europe and China lifted hopes about the global economy and boosted risk appetite. That drove the euro to a 2009 high and sterling and the Australian and New Zealand dollars to their highest since autumn versus the U.S. currency. In overnight data releases the AUD central bank left official interest steady at 3.00% and major data releases to look out for today there is the USD pending home sales at 3.00pm. Yesterday the FTSE 100 closed up 74 points to closed at 4,682. The rise was lead by good news from Barclays and HSBC.