Compare exchange rates, send money abroad and online

Fri 28 Feb 2020 11:12GMT

Latest Exchange Rate News: USD Bullish, Hits 101 Yen

Published: 10 May at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Italy, Japan, South Africa,

Pound Sterling
GBP/USD – Trading Lower, 1.5435
Sterling slipped against a bullish US Dollar as the European session began. The British currency also lost ground against the Euro ahead of the release of UK trade and construction output data. Economists have forecast that the trade report will show that the nation’s deficit narrowed slightly in March.

US Dollar
USD/JPY – Trading Higher, 101.2400
The US Dollar was finally able to push above 100 Yen in the aftermath of US jobless claims data. With jobless claims falling to a 5-year low the ‘Greenback’ broadly strengthened, advancing on the majority of its most traded peers. The American currency’s advance against the Yen was aided by data showing that Japanese investors became net buyers of foreign bonds.

EUR/USD – Trading Lower, 1.3020
In the immediate aftermath of the publication of US initial jobless claims figures the Euro slipped to 1.3020 against the US Dollar. The common currency is little changed this morning prior to an Italian asset sale and the European Central Bank’s 3-year LTRO repayment announcement.

Australian Dollar
AUD/USD – Trading Lower, 1.0058
During local trade the ‘Aussie’ shed gains made in the wake of Australia’s better-than-forecast employment data, dropping to within 0.4 per cent of parity against a broadly strengthening US Dollar. The South Pacific currency was also slightly softer against several of its other most-traded peers.

New Zealand Dollar
NZD/USD – Trading Lower, 0.8350
With the US Dollar enjoying a bullish relationship with its peers the ‘Kiwi’ declined, heading for its most significant weekly drop against the ‘Greenback’ so far in 2013.

Canadian Dollar
CAD/USD – Little Changed
Ahead of the release of influential Canadian employment data the ‘Loonie’ dipped against the US Dollar and several of its other most-traded counterparts. Economists are forecasting that the Canadian economy added 15,000 jobs in April, but another surprising result could trigger fluctuations in the commodity-driven currency.

Japanese Yen
JPY/USD – Trading Lower 101.2600
As a report revealed that Japanese investors were net buyers of foreign bonds, and with US jobless claims data exceeding expectations, the Yen weakened to 101.26 against the US Dollar – finally breaching the elusive 100 level. If signs of US economic recovery continue the Yen could soften further.

South Africa Rand
ZAR/USD – Trading Lower, 9.0373
With the US Dollar bullish and the Euro slightly weakened by the ECB’s monthly policy statement, the Rand was a little softer as Friday began. Local concerns, such as weak manufacturing and mining data, have also been weighing on the currency.

As of Friday, 10th May 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1825, GBP USD exchange rate was 1.536, GBP AUD exchange rate was 1.5318, GBP NZD exchange rate was 1.8511, GBP CAD exchange rate was 1.5516, GBP JPY exchange rate was 156.0912, and GBP ZAR exchange rate was 14.0096.
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.

Live Exchange Rates