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Mon 1 Jun 2020 09:45GMT

Exchange Rate News: EUR/GBP Little Changed, AUD/USD Stronger, USD/JPY Gains

Published: 9 Dec at 10 AM 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,

Pound Sterling
GBP/USD– Trading in the Region 1.6354
Although tomorrow’s UK industrial production figures are expected to show a slowing in output the Pound was little-changed against the Euro and US Dollar ahead of BoE Governor Mark Carney’s speech.

US Dollar
USD/EUR – Trading in the Region of 0.7296
As the week began the US Dollar was largely holding gains against peers like the Yen having jumped on Friday in response to impressive US non-farm payrolls data. If this week’s data supports the case for the Federal Reserve tapering stimulus in December the ‘Greenback’s upward momentum could continue.

Euro
EUR/USD – Trading in the Region of 1.3706
In the aftermath of the release of trade balance data for Germany the Euro was little changed, continuing to trade close to a 5-week high against the US Dollar. Common currency movement may be inspired by today’s German industrial production data.

Australian Dollar
AUD/USD – Trading in the Region of 0.9077
Better-than-forecast trade data for China supported the ‘Aussie’ overnight and the currency rallied against peers like the Pound and US Dollar. Tomorrow’s Australian business confidence report could trigger ‘Aussie’ fluctuations.

New Zealand Dollar
NZD/USD – Trading in the Region of 0.8284
With encouraging Chinese export data boosting New Zealand’s trade prospects the South Pacific currency strengthened against the majority of its currency counterparts. The ‘Kiwi’ was also boosted by positive domestic manufacturing activity reports.

Canadian Dollar
CAD/USD – Trading in the Region of 0.9383
On Friday the ‘Loonie’ edged higher against several of its most traded peers as domestic employment data topped estimates. The Canadian Dollar might fluctuate in response to domestic housing starts data as the day continues.

Japanese Yen
USD/JPY – Trading in the Region of 103.1500
Overnight the Yen extended declines against the US Dollar as Japanese growth data failed to meet estimates. Although third quarter growth of 0.4 per cent was forecast the economy actually only expanded by 0.3 per cent.

South African Rand
USD/ZAR – Trading in the Region of 10.3052
Although the Rand plunged against the US Dollar on Friday as strong US non-farm payrolls boosted tapering prospects, the commodity driven asset recovered losses over the weekend. Rand movement may be limited ahead of tomorrow’s domestic mining and manufacturing data.
As of Monday, 9th December 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1954, GBP USD exchange rate was 1.6424, GBP AUD exchange rate was 1.807, GBP NZD exchange rate was 1.984, GBP CAD exchange rate was 1.7469, GBP CNY exchange rate was 9.9729, GBP JPY exchange rate was 169.6126, and GBP ZAR exchange rate was 17.0577.
Laura Parsons About Author: (357 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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