The EUR/USD bloc currency is trading at levels last seen in January as the Asian trade is closing. It seems that the recovery yesterday was just to be enjoyed for a few moments after weaker than expected date from China and a $2 billion trading loss that JP Morgan have reported after the close in the US markets yesterday. The markets seemed to have hit reality again.

The German Chancellor Angela Merkel spoke before the Bundestag on Thursday and has reiterated that the implementation of austerity measures combined with stimulation of growth is the only way to combat the EU debt crisis.

Japanese shares fell for a second day with the Nikkei 225 Stock Average sliding to a three month low; as concerns grow Greece may exit the euro and are slowing China trade sapped demand for riskier assets.

The GBP/USD is currently entering Europe at session lows and has been trading between 1.6115 and 1.6150 this Friday in Asia. News of JP Morgan’s $2 billion trading loss weighed on sentiment, along with uncertainty surrounding the Greek political situation.

The Bank of England have continued to keep the rates on hold and have refrained from additional stimulus on Thursday. The Monetary Policy Committee boosted asset purchase facility to 325 billion pounds in February.

The EUD/JPY currency couple is likely to remain bearish due to its inability to surge above a tough resistance at 80.55.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.