Published: 3 Oct at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, France, Germany, Italy, Japan, South Africa,
GBP/EUR – Trading in the Region of 1.1911
With UK house prices rising at a less rapid rate than forecast and UK services PMI coming in just shy of estimates, the Pound softened against the Euro and US Dollar. Positive news from the Eurozone also pushed the GBP/EUR pairing lower, and with little additional UK news scheduled for publication this week Sterling may end up recording a five-day decline against its European cousin.
USD/EUR – Trading in the Region of 0.7355
The longer the US government remains shutdown the more heavily the nation’s economic growth will be affected. With no indications that the warring factions of the US government intend to reach a workable solution in the near future, the ‘Greenback’s bearish relationship with several of its most traded peers is likely to continue.
EUR/USD – Trading in the Region of 1.3599
The Euro enjoyed a bullish trading session yesterday as the ECB’s dovish policy statement and Italy
’s political triumph lent the common currency support. With French and Eurozone services PMI expanding by more than expected, and German services PMI remaining strong, the Euro is likely to extend gains in the hours ahead.
AUD/USD – Trading in the Region of 0.9390
Yesterday’s disappointing Australian building approvals and trade deficit data left the ‘Aussie’ languishing for much of the European session. Although the South Pacific asset recouped losses as the AiG performance of service index jumped from 39 to 47.1, US political concerns are still weighing on higher-risk currencies.
NZD/USD – Trading in the Region of 0.8317
While the NZD/USD pairing has moved away from the lows recorded yesterday, the ‘Kiwi’ largely retained declines overnight as US lawmakers resisted finding a solution to the budget disagreements which have resulted in the first government shutdown for 17 years.
CAD/USD – Trading in the Region of 0.9681
’s economic growth is likely to suffer as a result of the partial federal shutdown in the US, the ‘Loonie’ has softened over the last few days and continues to trade in a fairly tight range against its North American peer.
USD/JPY – Trading in the Region of 97.7400
As Asian stocks climbed the Yen softened against its US counterpart. However, with the US political situation fuelling risk-aversion the Yen did post gains against several of its higher-risk peers.
South African Rand
USD/ZAR – Trading in the Region of 10.0220
As the Rand tracks the Euro, yesterday’s positive developments in the Eurozone and today’s strong services PMI for Germany
saw the South African currency strengthen. The Rand recouped recent losses against the US Dollar but continues trading above the psychological 10 Rand per Dollar level.
As of Thursday, 3rd October 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1859, GBP USD exchange rate was 1.6162, GBP AUD exchange rate was 1.7185, GBP NZD exchange rate was 1.947, GBP CAD exchange rate was 1.669, GBP JPY exchange rate was 157.1695, and GBP ZAR exchange rate was 16.2131.