Published: 9 May at 12 PM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, China, Germany, Japan, South Africa,
GBP/USD â€“ Trading in the Region of 1.6900
After advancing on the majority of its peers earlier in the week, the Pound softened slightly against the US Dollar and Euro on Friday. Although reports showed that UK manufacturing production rose by more than anticipated in March, the pace of construction output unexpectedly declined.
USD/GBP â€“ Trading in the Region of 0.5907
As yesterdayâ€™s US initial jobless claims report surprised to the upside the US Dollar pared previous declines and approached the weekend in a stronger position. If todayâ€™s US JOLTs job openings data also delivers a good result further â€˜Greenbackâ€™ gains are likely.
EUR/USD â€“ Trading in the Region of 1.3818
On Thursday the European Central Bank hinted that it was prepared to introduce further stimulus next month. Consequently, the Euro sank to a 2 Â½ month low against the Pound and softened against several of its other most-traded currency counterparts. Less-than-impressive German trade figures piled on the pressure on Friday.
AUD/USD â€“ Trading in the Region of 0.9362
The â€˜Aussieâ€™ fluctuated after the Reserve Bank of Australia
â€™s monetary policy statement was published. The statement contained a negative revision to the central bankâ€™s inflation forecast. Australian Dollar declines also occurred after China
â€™s consumer price inflation fell short of expectations.
NZD/USD â€“ Trading in the Region of 0.8638
Despite the release of disappointing card spending data for New Zealand and additional RBNZ comments the â€˜Kiwiâ€™ closed the local session in a moderately stronger position against the Pound.
CAD/USD â€“ Trading in the Region of 0.9246
Widespread Canadian Dollar gains occurred following the publication of an upbeat domestic new housing price index. The â€˜Loonieâ€™s upward momentum could continue if todayâ€™s Canadian employment figures impress.
USD/JPY â€“ Trading in the Region of 101.7100
The Yen was poised to record a five-day gain of 0.5 per cent against the US Dollar ahead of todayâ€™s North American employment report.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.3280
â€™s trouble-free general election helped boost the Rand as the week drew to an end. The emerging-market currency largely held gains recorded earlier in the week as a result of Chinaâ€™s trade figures.
As of Friday, 9th May 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2247, GBP USD exchange rate was 1.6849, GBP AUD exchange rate was 1.7998, GBP NZD exchange rate was 1.9566, GBP CAD exchange rate was 1.8363, GBP CNY exchange rate was 10.4929, GBP JPY exchange rate was 171.6411, and GBP ZAR exchange rate was 17.4424.