Published: 10 Mar at 10 AM 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 1.6699
On Friday the Pound softened against a broadly bolstered US Dollar and the GBP/USD pairing is little changed today. A lack of significant UK data may restrain Pound movement in the hours ahead, although economists will be looking ahead to Wednesdayâ€™s trade figures.
USD/GBP â€“ Trading in the Region of 0.5988
A surprisingly upbeat US non-farm payrolls report helped the US Dollar advance on almost all of its currency counterparts. The safe-haven â€˜Greenbackâ€™ has also been boosted by the potentially volatile Crimea situation.
EUR/USD â€“ Trading in the Region of 1.3891
The Euro largely held last weekâ€™s gains over the weekend and began the local session enjoying a bullish relationship with peers like the Pound. Todayâ€™s Eurozone Sentix investor confidence report could trigger further Euro fluctuations.
AUD/USD â€“ Trading in the Region of 0.9042
â€™s less-than-impressive trade data saw the â€˜Aussieâ€™ soften over the weekend. Tomorrowâ€™s Australian NAB business confidence report and Westpac consumer confidence indexes could be responsible for directing Australian Dollar movement.
NZD/USD â€“ Trading in the Region of 0.8464
With the Reserve Bank of New Zealandâ€™s policy meeting looming, the â€˜Kiwiâ€™ continued trading in a fairly narrow range with several of its major peers. If the central bank acts as economists expect and introduces a rate increase on Wednesday the New Zealand Dollar could rally.
CAD/USD â€“ Trading in the Region of 0.8995
Fridayâ€™s disappointing Canadian employment data triggered resurgence in speculation regarding the odds of a Bank of Canada
rate cut and the â€˜Loonieâ€™ weakened. Todayâ€™s Canadian housing starts report may inspire further Canadian Dollar movement.
USD/JPY â€“ Trading in the Region of 103.2300
Renewed Ukraine tensions pushed investors towards safe-haven assets over the weekend and the Yen strengthened even as Japanâ€™s economy was shown to have expanded by less-than-forecast in the fourth quarter.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.7390
With Chinaâ€™s trade data falling short of the mark, the commodity-driven Rand began the week on the back foot. An absence of significant South African data could restrict Rand movement today, although with domestic business confidence, current account and mining production reports all on the cards for this week Rand fluctuations are likely.
As of Monday, 10th March 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.199, GBP USD exchange rate was 1.6639, GBP AUD exchange rate was 1.8441, GBP NZD exchange rate was 1.964, GBP CAD exchange rate was 1.8496, GBP CNY exchange rate was 10.2141, GBP JPY exchange rate was 171.7916, and GBP ZAR exchange rate was 17.92.