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Fri 19 Jul 2024 12:32GMT

Aussie (AUD) Pound (GBP) And Kiwi (NZD) All Post Notable 5-Day Gains

Published: 9 Aug at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, China, France, Germany, Greece, Ireland, Italy, Japan, South Africa, Portugal,

Pound Sterling
GBP/EUR – Trading in the Region of 1.1617
Prior to the release of UK construction output and trade balance figures the Pound was in line to record a 5-day gain against the US Dollar and Euro. The currency could experience fluctuations in the hours ahead.

US Dollar
USD/EUR – Trading in the Region of 0.7475
As the week nears its end the US Dollar has lost ground against several of its most traded currency peers as the appeal of the safe-haven asset has been dented by unexpectedly strong data from China. Today’s US wholesales inventories report will be of interest, but is not expected to inspire significant movement.

Euro (Currency of Germany, France, Spain, Italy, Portugal, Greece, Ireland etc)
EUR/USD – Trading in the Region of 1.3378
Although French industrial production unexpectedly plummeted in June, the Euro continues to trade close to a seven-week high against the US Dollar and remains softer against the Pound.

Australian Dollar
AUD/USD – Trading in the Region of 0.9140
The ‘Aussie’s surge against the US Dollar continued during Australasian trading as a larger-than-forecast gain in China’s industrial production brightened Australia’s economic outlook. The ‘Aussie’ has enjoyed its biggest weekly advance on its American counterpart for more than a year.

New Zealand Dollar
NZD/USD – Trading in the Region of 0.8015
Overnight the ‘Kiwi’ consolidated recent gains against its peers as New Zealand’s trade prospects were improved by positive economic news from China. Over the past seven-days the South Pacific asset has climbed by 2.3 per cent against the ‘Greenback’.

Canadian Dollar
CAD/USD – Trading in the Region of 0.9696
Improving global economic sentiment helped Canada’s currency advance by the most for a month against the US Dollar ahead of today’s domestic employment report. Economists have forecast that the unemployment rate held at 7.1 per cent last month so a surprising result could inspire ‘Loonie’ movement.

Japanese Yen
USD/JPY – Trading in the Region of 96.6300
As Japan enters its Obon summer vacation period, the Yen extended gains against the US Dollar but declined against several of its higher-risk peers as positive news from China pushed investors away from safe-haven assets.

South African Rand
USD/ZAR – Trading in the Region of 9.7915
With emerging-market currencies boosted by the news that industrial production in China expanded by more than forecast the Rand extended gains against the US Dollar, edging further away from the psychological 10 Rand per Dollar level.
As of Friday, 9th August 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.162, GBP USD exchange rate was 1.5504, GBP AUD exchange rate was 1.6868, GBP NZD exchange rate was 1.9298, GBP CAD exchange rate was 1.5951, GBP CNY exchange rate was 9.4913, GBP JPY exchange rate was 149.1956, and GBP ZAR exchange rate was 15.2276.
Laura Parsons About Author: (360 Posts)Laura works in the financial sector as a currency analyst, studying the latest global economic developments and assessing their impact on the foreign exchange market. Laura uses her currency knowledge to write articles focussing on market movements and trends for several independent financial websites.

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