Compare exchange rates, send money abroad and online

Fri 24 Sep 2021 01:07GMT

Foreign Exchange News: USD/JPY, EUR/USD, GBP/USD, CAD/USD

Published: 11 Apr at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Germany, Japan, South Africa,

Pound Sterling
GBP/USD – Little Changed
Although the Pound could experience movement this afternoon following the sale of 1.6 billion pounds of index linked gilts, the currency was little changed against its main rivals this morning. Investors will now be looking ahead to next week and the publication of more influential UK data.

US Dollar
USD/JPY – Modestly Lower
After the earlier-than-scheduled release of FOMC meeting minutes the US Dollar recorded slight fluctuations. The minutes revealed a widening chasm within the committee regarding how long aggressive easing should be continued for. The US dipped slightly against its safe-haven rival the Yen following a Japanese bond sale. The main cause of ‘Greenback’ volatility today is likely to be this afternoon’s US initial jobless claims data.

EUR/JPY – Achieved fresh three-year high
Although the Euro reached a new three-year high against the Yen yesterday, the common currency was little changed this morning following German CPI figures, which were in line with expectations. Tomorrow’s industrial production figures for the Eurozone could trigger fluctuations.

Australian Dollar
AUD/USD – Trading Lower
The ‘Aussie’ slumped against the US Dollar and the majority of its other most traded rivals following the release of worse-than-anticipated Australian employment figures. The South Pacific currency slid notably against the New Zealand Dollar after Australia’s jobless rate was shown to have increased to 5.6 from 5.4.

New Zealand Dollar
NZD/USD – Trading Higher
Poor Australian data and better-than-expected New Zealand home price and manufacturing data saw the ‘Kiwi’ climb during local trade. The New Zealand Dollar advanced on its Australian and American counterparts, briefly achieving a 1 ½ year high against the latter.

Canadian Dollar
CAD/USD – Trading Higher
With the appeal of commodity-driven currencies enhanced by the Bank of Japan’s decision to increase easing, the Canadian Dollar gained against several of its main peers during local trade. The ‘Loonie’ recorded a slight advance against its US counterpart and gained by 1 per cent against the Yen. Further movement could follow this afternoon’s release of the Canadian New Housing Price Index.

Japanese Yen
JPY/USD – Trading Slightly Higher.
A Japanese bond sale halted the Yen’s decline against the US Dollar during local trade. The Asian currency was also supported by a technical indicator which hinted that the currency could pare recent declines against the ‘Greenback’.

South African Rand
ZAR/USD – Trading Lower
After strengthening in recent days the Rand was slightly softer against the US Dollar prior to the release of South African industrial production figures. The figures are due for release at 12:00 pm GMT.

As of Thursday, 11th April 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1736, GBP USD exchange rate was 1.5387, GBP AUD exchange rate was 1.4589, GBP NZD exchange rate was 1.783, GBP CAD exchange rate was 1.5544, GBP JPY exchange rate was 153.4431, and GBP ZAR exchange rate was 13.7008.
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.

Live Exchange Rates