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Currencies EUR/USD The dollar's strength saw the euro hitting a one-month low on Monday. The common currency is still smarting from fears that the European debt crisis could worsen again, despite Greece's success in debt-cutting swap deal.
The euro stood at $1.3157, having recovered after hitting a one-month low of $1.3079 on Monday, helped by technical support at its Ichimoku cloud top at $1.3087 and a 55-day moving average around $1.3084. But the currency's outlook remained shaky given

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Currencies USD/JPY The yen slid to a nine-month low as speculation of further easing by the Bank of Japan (8301) and gains in Asian shares curbed demand for the currency.
The yen dropped 0.3 percent to 81.80 per dollar as of 2:09 p.m. in Tokyo, after earlier touching 81.89, the weakest since May 26.

GBP/USD The pound weakened against the dollar after Greece said the participation rate in its government bond swap reached 95.7 percent after triggering collective action clauses.

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Currencies USD/CAD Canadian dollar advanced versus the Greenback as policy makers prepared for a meeting today that economists predict will see interest rates remaining at 1 percent for a 12th time.
The euro slid 0.8 percent to $1.3112 at 5:01 p.m. in New York, after touching $1.3103, the lowest level since Feb. 16.

USD/JPY The yen weakened against all of its major counterparts after Japan posted a record current-account deficit, threatening to undermine the currency’s haven

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USDCHF
The monthly range based upon the most recent Average True Range readings is 635 pips. This implies that USDCHF could potentially trade between 0.8410 and 0.9680. Monthly support is 0.7064 and resistance 0.9595 and 1.1730.
USDCHF has been in a strong down trend since October 2000. Since August 2011 USDCHF has experienced a pullback into previous support of 0.9679. This support subsequently has now become strong resistance. The close for February 2012 was beneath the low for January

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March, 2nd 2012
Currencies EUR/USD dropped to 1.3318 with the USD remaining positive against the euro.In Europe, the Market purchasing managers index for the euro zone showed activity in the region shrank at a slower pace in February, coming in unchanged from a preliminary estimate.Separately, consumer prices grew at 2.7% annual rate in February, edged up from 2.6% in January, the European Union statistics agency Eurostat reported. January unemployment rose to 10.7% from an upwardly revised

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