Published: 2 May at 1 PM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, China, Japan, South Africa,
GBP/USD â€“ Trading in the Region of 1.6858
Even though a gauge of UK construction declined by more than expected in April the Pound was still enjoying a bullish relationship with several of its most traded currency counterparts. With the Bank of England rate decision looming, Sterling volatility can be expected next week.
USD/GBP â€“ Trading in the Region of 0.5927
Yesterday the US Dollar recovered losses as a measure of US manufacturing output exceeded estimates. The North American currency advanced on peers like the Yen for a second day before the publication of the highly influential US non-farm payrolls report.
EUR/USD â€“ Trading in the Region of 1.3859
The Euro was a little softer against the US Dollar on Friday as investors debated the odds of the European Central Bank bringing in additional stimulus at next weekâ€™s policy meeting. Even the fact that the Eurozoneâ€™s manufacturing PMI and unemployment rate were positively revised did little to boost the common currency.
AUD/USD â€“ Trading in the Region of 0.9259
This weekâ€™s disappointing manufacturing figures for Australia
continue to take a toll on the Australian Dollar. The South Pacific asset closed the local session weaker against the Pound, US Dollar and Euro.
NZD/USD â€“ Trading in the Region of 0.8646
A lack of influential economic news for New Zealand left the â€˜Kiwiâ€™ trading in a narrow range against several of its peers. Next week movement in the currency will most likely be triggered by New Zealandâ€™s unemployment figures.
CAD/USD â€“ Trading in the Region of 0.9126
Yesterdayâ€™s lacklustre Canadian manufacturing report piled pressure on the commodity-driven â€˜Loonieâ€™. The Canadian Dollar edged lower against its US counterpart before US employment figures were released. A strong non-farm payrolls print may instigate further CAD/USD losses.
USD/JPY â€“ Trading in the Region of 102.5000
The US Dollar strengthened against the Yen for a second day as investors bet that todayâ€™s US non-farm payrolls report will show a strong improvement in the employment sector of the worldâ€™s largest economy.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.4610
With South African markets closed for a national holiday, Rand movement was limited on Friday. Mondayâ€™s domestic manufacturing report could influence the direction taken by the emerging market asset, but todayâ€™s US non-farm payrolls report will also have an impact.
As of Friday, 2nd May 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2167, GBP USD exchange rate was 1.6875, GBP AUD exchange rate was 1.819, GBP NZD exchange rate was 1.9478, GBP CAD exchange rate was 1.8515, GBP CNY exchange rate was 10.5624, GBP JPY exchange rate was 172.4539, and GBP ZAR exchange rate was 17.6862.