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Fri 28 Jul 2017 07:40 GMT

April 2013 News Archive

Archived Currency News...

Euro Surges as Polls Forecast Landslide Macron Presidential Victory Published: 25 Apr at 5 PM
Pound Sterling (GBP) The Pound has fallen by -0.2% against the Euro but risen by 0.4% against the US Dollar today. This uncertain movement follows the news that the UK’s annual borrowing deficit in March is the lowest since the late 2000’s. While this historic figure has raised the Pound’s value, other borrowing data has seen the...
Pound Tumbles from Weekly Highs as Consumer Credit to be Limited in Q2 Published: 13 Apr at 5 PM
Sterling The Pound (GBP) trended down against most of its peers on Thursday, as the Bank of England (BoE) reported that UK lenders were likely rein in consumer credit over the next quarter. According to the report creditors are expected to tightening their lending to the lowest levels seen since the 2008 financial crisis. While the BoE...
Euro Weakens with Disappointing German Inflation, New Zealand Dollar Edges Higher after RBNZ Held Rates Published: 28 Apr at 4 PM
Pound Sterling Despite an unimpressive dip in the Nationwide House Price survey the Pound strengthened against some of the majors on Thursday, although it remained in a slump against its commodity-correlated rivals. While the UK housing market showed fresh signs of slowing and a group of eight economists voiced their support for the country...
European Central Bank Leaves Monetary Policy Unchanged Published: 21 Apr at 1 PM
Pound Sterling News of poor retail sales and an overshoot in government borrowing have failed to weaken Pound Sterling today. Retail sales dropped -1.3% on the month and annual growth slowed from 3.6% to 2.7%, in both cases disappointing forecasts. Borrowing in March was lower-than-expected, coming in at -£4.1 billion rather than -£5.5...
Pound Sterling Slides as Treasury Releases Brexit Forecast, Australian Dollar Threatened by Elections Published: 18 Apr at 12 PM
Pound Sterling The Treasury has released a 200-page analysis of the potential impact of a Brexit, weakening Pound Sterling with its dovish outlook. The document sets out three possible scenarios and offers a ‘middling’ forecast that the UK would be -6% worse off in GDP terms by 2030, equating to -£4,300 per household. ‘Leave’...
US Dollar on Bullish Form after Fed Comments, Canadian Dollar Gains with Oil Rally Published: 13 Apr at 5 PM
Pound Sterling Muted ahead of BoE Policy Meeting With no domestic data to drive movement the Pound has been on mixed form today. ‘Brexit’ uncertainty continues to exert downwards pressure on the currency, as polls suggest that the outcome of the June referendum is increasingly tight. As it doesn’t seem likely that the Bank of England...
Exchange Rates Now: GBP/EUR Tumbles before Eurozone CPI Published: 30 Apr at 10 AM
Pound Sterling The Pound remained trading well above the 1.54 level against the US Dollar as the UK’s gauge of Consumer Confidence held at the 12-year high of 4 recorded the previous month. However, even positive UK data wasn’t enough to prevent the Pound sliding against a broadly-stronger Euro. Euro Prior to the release of the...
GBP Trends Higher, USD Weakness Could Persist if FOMC is Dovish Published: 29 Apr at 11 AM
Pound Sterling With Rightmove data showing stronger-than-forecast UK house price growth in April, the Pound gained on a number of its rivals. Sterling was trending higher against both the Euro and US Dollar in spite of Tuesday’s GDP report revealing a sharp slowing in first-quarter expansion. Euro The common currency fluctuated on...
Exchange Rate News - GBP Steady, US Dollar Softer, AUD Holds Gain Published: 28 Apr at 10 AM
Pound Sterling Ahead of the release of the UK’s first quarter growth data, the Pound was trending strongly against the US Dollar and holding steady against the Euro. If the GDP report disappoints expectations, we could see Sterling give up some of its recent gains against its two main rivals. Euro Hints that Greece may be ready to...
GBP/EUR Holds Steady, US Dollar Recovers Ground before Services PMI Published: 27 Apr at 9 AM
Pound Sterling Prior to the release of CBI Business Optimism and Trends Selling Price reports, the Pound lost 0.3% against the US Dollar but was trading in a narrow range against the Euro. While today’s ecostats are unlikely to trigger much Sterling movement, the week’s first quarter growth data will be of particular interest. Euro...
US Dollar (USD) Exchange Rate Movement Depends on US Durable Goods Data Published: 24 Apr at 10 AM
Pound Sterling Although Thursday’s UK public spending data was fairly solid, the Pound softened against several of its peers thanks to an unforeseen slide in UK retail sales. Sterling was able to gain on a broadly weaker US Dollar, but held declines against the Euro after German IFO figures impressed. Euro With some investors betting...
GBP/EUR Gains, USD/GBP Climbs, But UK Retail Sales to Cause FX Movement Published: 23 Apr at 10 AM
Pound Sterling Prior to the publication of the UK’s public spending and retail sales figures, the Pound was trading in a stronger position against the Euro. The GBP/EUR pairing was able to hold above 1.40 as PMI reports for the Eurozone and its largest economies printed below expected levels. However, Sterling lost ground against the US...
CAD, USD Softer, GBP, AUD Gain - FX News Now Published: 22 Apr at 10 AM
Pound Sterling Following the release of minutes from the Bank of England’s latest policy gathering, the Pound pushed above 1.50 against the US Dollar and was trading beyond the 1.39 level against the Euro. The BoE was fairly optimistic on the subject of the Eurozone, and as the UK has strong trade links with the region this was taken to be...
Forex News Now: Pound Gains on UK Jobs Data, US Dollar Struggles before CPI Published: 22 Apr at 9 AM
Pound Sterling With the UK adding considerably more jobs than forecast in the three months through February and the level of joblessness falling to a fresh low, the Pound was able to advance on a number of its rivals. Although UK election concerns continue to dampen demand for Sterling, the British currency was able to advance above 1.50...
Daily Currency Update: CAD Fluctuates on BOC Comments, Aussie Falls as RBA Hints at Rate Cuts Published: 21 Apr at 12 PM
Pound Sterling Prior to the publication of minutes from the Bank of England’s latest policy meeting, the Pound was holding previous gains against the Euro but trending lower against the US Dollar. The GBP/EUR pairing achieved a high of 1.3944 as the odds of a Grexit occurring rose. If tomorrow’s BoE minutes are even slightly hawkish, the...
AUD, NZD Exchange Rates Gain on PBOC Stimulus, CAD Trending Higher Published: 20 Apr at 11 AM
Pound Sterling On Monday the UK’s Rightmove House Price report showed a 1.6% month-on-month increase in April, up from the 1.0% gain recorded the previous month. On the year, price growth eased from 5.4% to 4.7%, but the data had little impact on the Pound. Sterling managed to advance on the Euro following the release of Germany’s...
EUR, CAD Decline, GBP, AUD Advance - USD Volatility Expected Published: 16 Apr at 10 AM
Pound Sterling The Pound held above the 1.39 level against the Euro on Thursday after demand for the common currency was dampened by the news that Greece has had its credit rating negatively revised by Standard & Poor’s. The UK’s solid House Price Balance data also helped Sterling maintain a stronger position. Euro...
Chinese Data Falls Short, AUD Dips, CAD Softer Before BOC Announcement Published: 15 Apr at 10 AM
Pound Sterling Although UK data is in short supply today, the Pound was able to climb against the Euro. The British currency slipped against the ‘Greenback’ however as investors deemed the US Dollar’s recent decline overdone. Euro With the European Central Bank’s policy statement looming, the Euro edged lower against a number...
UK CPI Sees Pound Drift Lower, USD Movement Expected on Sales Figures Published: 14 Apr at 11 AM
Pound Sterling The Pound was trading against the Euro in the region of 1.3851 and was achieving 1.4636 against the US Dollar following the release of the UK’s latest inflation numbers. While non-core inflation held at 0.0%, as expected, core inflation edged lower. If this week’s UK employment data doesn’t impress, the Pound could...
AUD, NZD, CAD Softer after Chinese Trade Data, GBP Steady before CPI Published: 13 Apr at 10 AM
Pound Sterling This week the Pound is likely to experience notable movement as the UK releases both inflation and employment figures. However, the week gets off to a slow start in terms of data, and Sterling movement may be limited on Monday. That being said, any commentary relating to the upcoming UK election will be of interest. Euro...
Euro Softer on Greek Concerns, US Dollar Bullish on Rate Bets Published: 10 Apr at 10 AM
Pound Sterling The Pound extended declines against the US Dollar and trimmed previous gains against the Euro after the UK’s Industrial/Manufacturing production data fell short. While industrial production had been expected to increase by 0.3% on the month, it only rose 0.1%. UK election concerns were also weighing on Sterling. Euro...
FOMC Minutes Boost US Dollar, Pound Struggles after Trade Data Published: 9 Apr at 10 AM
Pound Sterling As the Bank of England has cited the widening UK budget deficit as a major cause for concern, the morning’s less-than-impressive trade stats triggered Sterling losses. In the hours ahead the BoE interest rate announcement could cause modest Pound movement. Euro Mixed German data and the ongoing Greek debt negotiations...
Pound Holds Gains, Euro Falls, US Dollar Weaker before FOMC Published: 8 Apr at 9 AM
Pound Sterling Although the British Retail Consortium’s Shop Price Index showed a steeper annual decline in March than in February, the Pound continued to derive support from Tuesday’s impressive UK Services PMI. The British asset was trending higher against both the Euro and US Dollar prior to the publication of UK car registration...
AUD Rallies after RBA Decision, GBP/EUR Gains on Services PMI Published: 7 Apr at 10 AM
Pound Sterling An impressive UK Services PMI helped the Pound hold its own against the Euro on Tuesday. However, GBP/EUR gains were slightly limited as the Eurozone published encouraging reports of its own. The Pound struggled to exert itself against the US Dollar having trimmed the gains recorded in the wake of the US Non-Farm Payrolls...
EUR Boosted by Greek News, AUD Drops as Trade Deficit Widens Published: 2 Apr at 9 AM
Pound Sterling With a televised political debate (featuring all seven of the UK’s leading parties) looming, the Pound softened. The British asset lost ground yesterday as a result of political concerns and failed to benefit from an 8-month high Manufacturing PMI. Today’s construction report could give Sterling a small boost if it prints...
CAD Higher, EUR Soft, USD Declines, GBP Gains - Exchange Rate News Published: 1 Apr at 10 AM
Pound Sterling With the UK’s Manufacturing PMI advancing from a negatively revised 54.0 to 54.4 in March, the Pound held gains recorded against the Euro and US Dollar on Tuesday. Sterling broadly strengthened earlier in the week as the UK’s consumer confidence and growth reports impressed. Euro With ‘Grexit’ concerns dictating...
Eurozone Inflation Causes Euro Fluctuations, US GDP To Come Published: 30 Apr at 12 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6816 The Pound was little-changed against peers like the US Dollar and Euro on Wednesday. Yesterday’s disappointing UK growth figures inspired some Sterling losses, but a positive domestic consumer confidence report kept the currency on an even keel. US Dollar USD/GBP – Trading...
Pound Fluctuates After GDP, Euro Holding Steady Before CPI Published: 29 Apr at 11 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6816 After UK growth data showed that the nation’s economy expanded by less-than-anticipated in the first quarter of 2014 the Pound edged lower against peers like the US Dollar and Euro. However, Sterling could recoup losses overnight if the UK GfK consumer confidence survey...
Ukraine Fears Boost Yen, Pound Climbs Before GDP Published: 28 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6839 The Pound began the week in a stronger position against the Euro and US Dollar. While today’s housing report, which showed a 15th consecutive month of increasing UK house prices, lent Sterling some support investors were largely looking ahead to tomorrow and the UK’s GDP data....
GBP Steady After Sales Gain, Yen Advances As Ukraine Tension Mounts Published: 25 Apr at 3 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6817 On Friday the UK’s retail sales report had a minimal impact on the Pound. Although sales including autos unexpectedly increased, the British asset softened against the Euro and held steady against the US Dollar. Today’s US services PMI and confidence data could impact the...
NZD Jumps After RBNZ, GBP Steady, AUD Softer Published: 24 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6786 Although tomorrow’s UK retail sales report could be responsible for notable Pound fluctuations, Sterling was trading in a narrow range against its currency counterparts today. The asset was little-changed as the CBI reported sales data showed a stronger-than-expected increase....
GBP Little Changed After BoE Minutes, AUD Rocked By CPI Published: 23 Apr at 12 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6809 The Pound experienced modest movement following the release of minutes from the BoE’s latest policy meeting. The Bank of England asserted that the UK economy is strengthening, but Sterling pared gains against the Euro following the release of upbeat reports for the Eurozone....
Pound Holds Gains, US Dollar And Euro Movement Likely Published: 22 Apr at 10 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6810 UK data might be thin on the ground today but the Pound is still riding high following last week’s impressive domestic employment figures. Unless Tuesday’s Eurozone and US reports dramatically top expectations, Sterling is likely to remain in a stronger position against the US...
USD, AUD, NZD End Week Softer, GBP Higher Published: 17 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6816 This week’s upbeat UK employment data left Sterling stronger against its currency counterparts and the British asset is in line to post a weekly advance against the US Dollar and Euro. US Dollar USD/GBP – Trading in the Region of 0.5945 Comments issued by Fed Chairman...
Pound Jumps, Aussie Trims Decline, USD Stronger Published: 16 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6783 The Pound enjoyed a bullish relationship with the majority of its currency counterparts on Wednesday as the news that the UK unemployment rate had fallen to 6.9 per cent boosted the currency. US Dollar USD/GBP – Trading in the Region of 0.5957 Ukraine concerns and...
GBP Softer After UK CPI, EUR Fluctuates After ZEW Published: 15 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6715 Over the course of European trading the Pound declined against the US Dollar. The British asset was knocked as domestic data showed that inflation slowed to a four and a half month low, moving further away from the Bank of England’s 2 per cent target. US Dollar USD/GBP –...
Ukraine violence set to dominate market movements Published: 14 Apr at 10 AM
Pound Sterling Sterling found support over the weekend from the release of a report which showed that house prices in the UK increased yet again in April. The currency also made gains against the Euro following comments made by ECB President Mario Draghi which suggested that the central bank may soon introduce monetary stimulus measures....
Pound Ends Week Flat, Australian Dollar Pares Gain Published: 11 Apr at 12 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6768 A lack of UK news left the Pound struggling to find direction on Friday. The British currency was generally softer against its major currency rivals as investors focused on this week’s neutral Bank of England rate decision. US Dollar USD/GBP – Trading in the Region of...
USD Tumbles after Dovish FOMC Meeting Minutes, AUD Climbs Published: 10 Apr at 11 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6766 Ahead of the Bank of England’s rate decision the Pound was holding steady against several of its most traded currency counterparts. The GBP/USD pairing surged overnight in response to dovish Federal Open Market Committee meeting minutes. US Dollar USD/GBP – Trading in the...
Pound Supported By Trade Data, USD Recovers Ground, AUD Boosted Published: 9 Apr at 1 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6743 Yesterday’s unexpectedly good industrial, manufacturing and GDP reports for the UK helped the Pound advance against several of its peers. Sterling was able to consolidate these modest gains today following the release of data showing that the UK’s trade deficit narrowed by more...
ZAR At 2014 High, GBP Strengthens Published: 8 Apr at 12 PM
Pound Sterling GBP/USD – Trading in the Region of 1.6710 On Tuesday the Pound strengthened against the majority of its currency rivals as industrial and manufacturing output reports for the UK trumped expectations. Sterling advanced on the Euro and US Dollar ahead of the release of the British GDP estimate for March. US...
USD Holds Declines, AUD Close To Four-Month High Published: 7 Apr at 11 AM
Pound Sterling GBP/USD – Trading in the Region of 1.6570 In a light UK news day the Pound began the local session little-changed against several of its most traded peers. Tomorrow’s UK industrial/manufacturing figures could have an impact on Sterling’s performance. US Dollar USD/GBP – Trading in the Region of 0.6033 After...
Volatility expected as anticipated US jobs report draws closer Published: 4 Apr at 10 AM
Pound Sterling The Pound softened against the US Dollar and a number of major peers after it was weighed upon by a weaker-than-expected service sector PMI report released on Thursday. Against the Euro, the Pound pushed above the 1.21 level after the single currency was weakened by the outcome of the European Central Banks policy meeting....
Volatile session in store as all eyes turn to the ECB Published: 3 Apr at 10 AM
Pound Sterling Sterling was trading firmer against the EUR and USD after was supported by yesterdays positive Construction PMI and house price data. House prices rose for a 25th consecutive month and the UK’s construction activity continued to be strong. The currency is likely to move higher if today’s services PMI comes in as...
Quiet session due for GBP in relatively quiet news day Published: 2 Apr at 10 AM
Pound Sterling The Pound likely to see little movement today against its major peers due to a lack of domestic economic data releases. Sterling was weakened yesterday by the release of worse-than-expected manufacturing PMI data. The report showed that the sector expanded at its slowest pace in 8-months in March. Due to the lack of...
Busy day for the market as wealth of data is due for release Published: 1 Apr at 10 AM
Pound Sterling The Pound softened against the Euro and US Dollar on Tuesday morning as yesterday’s weaker-than-expected mortgage approval data weighed. Investors will now be looking ahead to today’s manufacturing PMI data which is forecast to come in strongly. A disappointing figure is likely to see Sterling soften. US Dollar ...
CNY- Chinese Yuan set best month since 2012 as global usage increases Published: 30 Apr at 4 PM
The Chinese Yuan is heading for its biggest gain since January 2012 on expectations that the Chinese currency will appreciate as it becomes more widely used in trade and global investment. According to the Society for Worldwide Interbank Financial Telecommunication, global Yuan payments have increased by 32.7% in March compared to the...
Exchange Rate News: AUD/USD, GBP/EUR, EUR/USD, USD/JPY, CAD/AUD Published: 30 Apr at 10 AM
Pound Sterling GBP/USD – Little Changed After hitting a two-month high against the US Dollar yesterday, the Pound was little changed this morning despite an unexpected slide in UK consumer confidence. UK net consumer credit data could be responsible for Sterling movement in the hours ahead. US Dollar USD/JPY – Under Pressure ...
Exchange Rate News: EUR/GBP, AUD/USD, GBP/USD, USD/JPY, ZAR/USD Published: 29 Apr at 10 AM
Pound Sterling GBP/USD – Trading Higher The Pound continued to gain on the US Dollar this morning, strengthening to 1.5523 US Dollars, after UK housing data showed that house prices increased this month. Average house-prices increased by 0.3 per cent in April, following on from the same rise in March. An absence of additional UK...
Exchange Rate News: NZD/AUD, EUR/USD, AUD/USD, GBP/EUR, USD/EUR, CAD/USD Published: 26 Apr at 10 AM
Pound Sterling GBP/USD – Trading Higher Sterling broadly strengthened yesterday as better-than-anticipated first quarter GDP brightened the UK’s prospects. The British currency posted significant gains against the US Dollar and Euro and is now poised to record its largest five-day advance against the latter currency since the...
Krona/Euro (SEK/EUR) Rally At An End, According To Riksbank Published: 25 Apr at 2 PM
According to the Swedish central bank, the Krona’s recent rally, which has seen the currency gain by 6 per cent against the Euro in the last year, is coming to an end. The Krona’s advance has had a real impact on prices, and the Riksbank has struggled to achieve its price growth target of 2 per cent for over a year. Today data...
Exchange Rate News: EUR/USD, AUD/USD, GBP/EUR, USD/EUR, CAD/USD Published: 25 Apr at 10 AM
Pound Sterling GBP/EUR – Trading Higher The Pound is likely to experience upward movement in the hours ahead following the release of first quarter GDP data for the UK. Although economists forecast that GDP would rise by 0.1 per cent in the first three months of 2013, it actually rose by 0.3 per cent. Sterling could post notable...
MXN/USD Mexican Peso Drops as Trade Outlook Dims Published: 24 Apr at 6 PM
After a report compiled by the US Commerce Department revealed that orders for goods designed to last for over three years decreased by more than economists forecast, the currencies of nations who rely heavily on the US for trade fell against their main rivals. The Mexican Peso weakened to 12.2790 Peso per US Dollar during local trade...
Exchange Rate Outlook: CAD/USD, EUR/USD, NZD/AUD, USD/JPY, ZAR/USD Published: 24 Apr at 10 AM
Pound Sterling GBP/USD – Little Changed Although the UK’s budget deficit was shown to have narrowed by more than expected in March, the Pound declined against the safe-haven US Dollar yesterday as the latter currency broadly strengthened in a risk-off market. Sterling was little changed against the ‘Greenback’ this morning...
Indian Rupee/US Dollar (INR/USD) Falls To Week Low As Safe-Haven Assets Strengthen Published: 23 Apr at 3 PM
Last week news that China’s economy expanded at a slower rate than anticipated in the first quarter of this year dented the global outlook and raised fresh concerns regarding a slowdown in the Asian nation. Consequently, commodities plummeted and safe-haven currencies enjoyed a bullish relationship with their higher-risk peers....
Exchange Rate News: EUR/USD, USD/JPY, AUD/USD, ZAR/USD, GBP/EUR Published: 23 Apr at 10 AM
Pound Sterling GBP/USD – Trading Lower Ahead of the release of public finance figures for the UK the Pound slid against the US Dollar, brushing its lowest level against the safe-haven currency for two-weeks. Sterling was little changed against the Euro. It is expected that this morning’s report will show that the UK’s budget...
News for Thai Baht- THB hits 16-year high against USD Published: 22 Apr at 12 PM
Thailand’s currency the Baht has reached a 16-year high against the US Dollar after policy makers signalled that they will not curb capital inflows into the nation, inflows that have been the main driver for the region’s best exchange-rate rally. So far this year the Baht has gained by 7%, beating the 1.9% gain in the Indian Rupee...
Exchange Rate News: AUD/USD, EUR/USD, GBP/EUR, USD/JPY Published: 22 Apr at 10 AM
Pound Sterling GBP/EUR – Trading Lower After top ratings agency Fitch slashed the UK’s credit rating from AAA to AA+ the Pound weakened against several of its most traded peers. Fitch is now the second ratings agency to downgrade the UK, although it did restore the nation’s outlook to stable. Sterling is trading in the region of...
Exchange Rate Outlook: EUR/USD, CAD/USD, USD/EUR, NZD/USD, ZAR/USD Published: 19 Apr at 10 AM
Pound Sterling GBP/USD – Trading Higher After slumping against its peers during local trade following the release of worse-than-anticipated UK retail sales data, the Pound enjoyed a modest rally against a broadly softening US Dollar, edging above 1.5300. Sterling was little changed against the Euro. An absence of UK news is likely...
Russian Ruble tracks pace with falling price of oil, weakens against peers Published: 18 Apr at 11 AM
The Russian Ruble plummeted on Wednesday and is struggling o recover after the currency followed the price of oil downwards. Other emerging-market currencies weakened but not as dramatically as the Ruble. Oil prices have declined sharply in recent days as market fears were revived that a decline in commodity prices may not be over. Monday...
Exchange Rate Outlook: CAD/USD, EUR/GBP, NZD/USD, USD/GBP, ZAR/USD Published: 18 Apr at 10 AM
Pound Sterling GBP/EUR – Trading Higher Disappointing UK employment figures saw the Pound record widespread declines during the European session. However, comments issued regarding the odds of the Eurozone’s troubles continuing for another decade allowed Sterling to bounce back briefly. The British currency dipped this morning...
EUR/SEK Strengthens after Riksbank Announcement Published: 17 Apr at 2 PM
Over the past few months the Swedish Krona has been rising steadily against the US Dollar and Euro, boosted by investors looking for a European haven while the economic turmoil in the Eurozone continues. However, as the Krona has risen the fortunes of the Eurozone (Sweden's main trading partner) have taken a toll and the nation's economic...
Exchange Rate News: AUD, EUR, NZD, GBP, USD, ZAR, JPY, CAD Published: 17 Apr at 10 AM
Pound Sterling GBP/EUR – Trading Lower With the Bank of England due to release minutes from its latest policy meeting this morning the Pound dipped against the Euro. The BOE minutes are likely to trigger Sterling fluctuations, but UK employment figures could also impact the British currency. US Dollar USD/EUR – Trading Lower ...
Russian Ruble (RUB) Falls As Oil Drops Published: 16 Apr at 2 PM
Although the Russian Ruble gained modestly on its American counterpart during local trade, it fell against a basket of currencies after oil (a key commodity) dropped to less than 100 Dollars per barrel. Yesterday the Ruble tumbled by 1 per cent against Bank Rossii’s Dollar-Euro basket and the currency has continued to decline today. ...
Exchange Rate Outlook: EUR/USD, NZD/GBP, USD/JPY, ZAR/USD Published: 16 Apr at 10 AM
Pound Sterling GBP/USD – Trading Higher The Pound experienced modest fluctuations yesterday following the release of Rightmove Plc House Price figures, sliding slightly against the US Dollar and gaining on the Euro before paring its advance to trade little changed. After the shocking bombings in Boston the GBP/USD pairing slipped,...
SEK/EUR and SEK/USD Decline As Swedish Growth Forecasts Are Slashed Published: 15 Apr at 4 PM
During European trade the Krona tumbled against several of its most traded peers, shedding 0.6 per cent against the US Dollar and hitting 8.3512 per Euro. The Krona, which has strengthened against the Euro by almost 6 per cent over the last year, declined after Sweden’s growth outlook was lowered. Sweden still holds a coveted AAA...
Chinese Yuan (CYN) hit a 19-year high before disappointing GDP data pared gains Published: 15 Apr at 11 AM
The Chinese Yuan soared to a 19-year high after the Chinese Central Bank set a record fixing against the US Dollar. The currency then pared its gains as the government reported a surprise slowdown in economic growth. The Bank of China raised the daily reference rate by 0.08% to 6.2454 per Dollar. The Yuan looks set to become one of the...
Exchange Rate News: Euro (EUR) NZ Dollar (NZD) Pound (GBP) US Dollar (USD) Rand (ZAR) Yen (JPY) Published: 15 Apr at 10 AM
Pound Sterling GBP/USD – Trading Lower Although Pound Sterling fell against the US Dollar for a second day this morning the British currency was able to gain on the Euro after the publication of a positive housing report for the UK. According to Rightmove Plc, asking prices increased by 2.1 per cent from March as the amount of...
MXN/USD – Slumps after US Retail Sales Drop Published: 12 Apr at 6 PM
In recent months the Peso has performed with gusto, leaping by 6.5 per cent against its North American Amigo since the beginning of this year. The Peso has benefited from Mexico’s relatively solid economic growth, but began to rally rapidly in March after reforms (which would see the firms dominating the nation’s telecommunications...
Foreign Exchange Update: USD, JPY, ZAR, EUR, GBP, CAD, AUD And More Published: 12 Apr at 10 AM
Pound Sterling GBP/USD – In Region of Six-Week High In the aftermath at a UK bond sale the Pound rose to a six-week high against a broadly softening US Dollar. Although UK house prices were shown to have reached a five-year high in a report published this morning Sterling was little changed prior to the release of UK construction...
CHF/EUR Swiss National Bank Prepared to Protect Franc Published: 11 Apr at 6 PM
With the ups and downs of the Eurozone crisis urging investors to European safe-havens, the Swiss National Bank was forced to but a cap on a rapidly strengthening Franc back in September 2011. By capping the currency the central bank hoped to protect the nation from deflation and recession. However, if the Franc moves to rise beyond...
Foreign Exchange News: USD/JPY, EUR/USD, GBP/USD, CAD/USD Published: 11 Apr at 10 AM
Pound Sterling GBP/USD – Little Changed Although the Pound could experience movement this afternoon following the sale of 1.6 billion pounds of index linked gilts, the currency was little changed against its main rivals this morning. Investors will now be looking ahead to next week and the publication of more influential UK data....
JPY/USD weakens to its lowest level since May 2009 Published: 10 Apr at 6 PM
The Japanese Yen has weakened to its lowest level since May 2009 against the US Dollar after the Bank of Japan reinforced its stimulus programme and as officials in the US pushed for pulling back on bond purchases. The currency is edging ever closer to the 100 mark and is expected to breach it in the near future. Investors are seeking a...
MXN/USD Mexican Peso Achieves Over 20-Month High Against US Dollar Published: 10 Apr at 2 PM
After the Mexican statistics agency asserted that the nation’s annual inflation accelerated from February’s 3.55 per cent to 4.25 per cent in March, the Peso jumped against the US Dollar. The Peso initially advanced by 0.5 per cent and went on to extend gains before the close of local trade. The inflation result was 0.05 higher than...
Currency Exchange News for USD/JPY, GBP/USD, EUR/JPY, ZAR/USD and more Published: 10 Apr at 10 AM
Pound Sterling GBP/USD – Trading Higher The Pound was able to gain on the US Dollar yesterday after UK industrial/manufacturing production data exceeded economist’s expectations, lessening the likelihood of the UK entering a triple-dip recession. The NIESR GDP estimate for March also showed a gain of 0.1 per cent, following a decline...
THB/USD – Thai Baht Jumps By The Most For 5 Years, But Advance Is Too Fast Published: 9 Apr at 12 PM
For the first time in 16 years the Thai Baht traded below 29 Baht per US Dollar, achieving 28.93. The currency hasn’t strengthened to that level since 1997 and the onset of the Asian financial crisis. Since last Friday the Baht has surged by 1.1 per cent against the ‘Greenback’ – it’s most significant rise for five...
Latest Currency News: CAD/USD, JPY/USD, GBP/EUR, USD/EUR Published: 9 Apr at 10 AM
Pound Sterling GBP/EUR – Trading Lower An absence of significant global economic news limited the Pound’s movement yesterday, but the British currency dropped to a two week low against the Euro this morning and further movement could occur today in response to a several pieces of key data. While UK industrial/manufacturing production...
Exchange Rate Outlook: South African Rand gains as EUR/USD holds steady Published: 8 Apr at 4 PM
The Rand has made gains thanks to a combination of factors. The stronger Euro has assisted the currency and a lack in demand for the US Dollar has allowed the Rand to slowly but surely make gains throughout the session. The currency has risen in demand as investors seek higher yielding emerging markets. The US currency is weaker following...
Krona (SEK) Strength Poses No Danger to Swedish Economic Growth Published: 8 Apr at 1 PM
Although some industry experts have expressed concern that the Krona’s newfound strength will make Sweden less competitive than its major trading partners, others have argued that the currency’s rise is not placing the nation’s economic growth in danger. As the financial crisis in the Eurozone has bounced from issue to issue the...
Latest Exchange Rate News: GBP/USD, AUD/JPY, ZAR/USD, EUR/JPY Published: 8 Apr at 10 AM
Pound Sterling GBP/USD – Little Changed After rising last week on the back of better-than-expected UK Services PMI, the Pound was little changed against the US Dollar this morning. Sterling continues to trade in the region of 1.5339 against its American rival, even after a report revealed that UK business sentiment and hiring intentions...
Swiss Franc (CHF) stable against the Euro (EUR) and US Dollar (USD) Published: 5 Apr at 1 PM
The Swiss Franc is unchanged against the Dollar and Euro on Friday as investors attention is focused on the Japanese Yen after the Bank of Japan took the market by surprise by announcing a radical new monetary expansion plan to battle deflation. The Yen dropped by more than 3% against the ‘Greenback’ and plummeted to four year lows...
US Employment Report Likely To Trigger Rand/US Dollar Fluctuations Published: 5 Apr at 12 PM
The Rand is likely to experience notable movement this afternoon following the release of US non-farm payrolls and unemployment rate figures. After the Bank of Japan’s decision to expand stimulus the market experienced violent volatility, with the US Dollar posting significant gains and the Yen plummeting against the majority of its...
Exchange Rate Outlook: Euro, NZ Dollar, Pound, US Dollar, Rand, Yen Published: 5 Apr at 11 AM
Pound Sterling GBP/USD – Trading Higher After gaining yesterday following the Bank of England’s policy announcement, the Pound was little changed this morning prior to the release of a UK housing report. Sterling advanced on the US Dollar and Euro after the BoE refrained from stepping up stimulus measures. This morning Halifax...
THB/USD Dips as Baht Strength Damages Thai Economy Published: 4 Apr at 6 PM
With speculation mounting that the Bank of Thailand intends to halt the Baht’s appreciation through intervention, the Thai currency slid against the US Dollar. This year the Baht has been the best-performing Asian currency, rising against the US Dollar by 4.1 per cent since the end of 2012. But on the 20th of March Prasarn...
NOK/EUR Higher After ECB Announcement Despite Norway's Economic Fears Published: 4 Apr at 6 PM
Over the past four years the Krone has strengthened by more than 20 per cent against the Euro, and Norway’s central bank is finding it increasingly difficult to conduct fiscal policy as a result. Inflation has lingered below the Norwegian central bank’s target rate of 2.5 per cent since 2009 due to the Krone’s rise, and in light of...
Rupee (INR) and Peso (MXN) Slide Against US Dollar (USD) Published: 4 Apr at 12 PM
Indian Rupee Close to Four-Week Low against Bullish US Dollar At the close of local trade the Indian Rupee was trading at its lowest level against the US Dollar for almost a month. After the Bank of Japan’s policy announcement caused the American currency to broadly strengthen, the Rupee weakened to 54.82 Rupees per Dollar, down...
Latest Exchange Rate News: GBP, USD, JPY, AUD, ZAR and More Published: 4 Apr at 11 AM
Pound Sterling GBP/USD – Trading lower The Pound slid against its US rival this morning prior to the Bank of England’s policy announcement. The central bank is largely expected to maintain its asset purchase target and hold the main interest rate at the record low of 0.5 per cent. Sterling also slid to its lowest level in over a week...
Russian Ruble Drops vs US Dollar due to Euro Crisis Published: 3 Apr at 6 PM
Although Cyprus and the International Monetary Fund reached an agreement which will see the IMF bequeathing the struggling island nation 1 billion Euros, the stability of the Eurozone is far from assured. In recent weeks the 17 nation currency bloc has battled a flood of concerns aside from the situation in Cyprus, including poor output...
The People’s Bank of China Push the Yuan from a near Twenty-Year High Published: 3 Apr at 2 PM
Yesterday the Yuan strengthened to 6.1986 Yuan per US Dollar, the strongest level achieved since the Chinese government unified official and market exchange rates almost twenty years ago, at the close of 1993. The Yuan’s gain of 0.15 per cent was also the most significant advance posted by the currency since mid-December last year. ...
Leading Industry Experts Assert that the Swedish Krona’s Gains will Continue Published: 3 Apr at 12 PM
Over the past twelve months the Krona has advanced by 6 per cent on the Euro. Although some measures now rate the Krona as too expensive, there are industry experts who argue that the currency remains undervalued and should continue to gain. In the wake of a series of major crises in the Eurozone (including last year’s Grexit threat and...
Exchange Rate Outlook: Sterling, Euro, US Dollar, Aussie, Kiwi & Loonie Published: 3 Apr at 11 AM
Pound Sterling GBP/USD – Close to two-week low After falling to a three-week low against the US Dollar yesterday following worse-than-anticipated UK manufacturing data, the Pound experienced a slight upward correction. However, Sterling later slid to a two-week low against its American counterpart after the British Retail Consortium...
Record unemployment sees the Euro drop to five-week low Published: 2 Apr at 6 PM
The Euro slumped to a five-week low against the safe-haven Yen after a string of less-than-impressive data releases for the 17-nation currency bloc. Of particular importance was the news that the unemployment rate in the Eurozone reached a record high of 12 per cent in February. January’s previously estimated unemployment rate of 11.9...
Pound Sterling Falls vs US Dollar After UK Manufacturing Report Published: 2 Apr at 3 PM
After gaining on the US Dollar for five days the Pound has lost ground against its American rival as manufacturing data for the UK failed to meet expectations. Although economists had forecast that a gauge of UK manufacturing, compiled by Markit Economics and the Chartered Institute of Purchasing and Supply, would show that the sector...
Exchange Rate Outlook: Pound, Euro, Dollar, Aussie Dollar, NZ Dollar & CAD Dollar Published: 2 Apr at 12 PM
Pound Sterling GBP/EUR – Hit two-month high The fiscal crisis in Cyprus and continuing political uncertainty in Italy caused the Euro to broadly soften yesterday, allowing the Pound to briefly achieve a two-month high against its common-currency rival. Sterling’s advance occurred even after data confirmed that the UK economy...

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