Published: 13 Aug 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,
GBP/EUR â€“ Trading in the Region of 1.1635
After a gauge of UK house prices surged to an almost seven-year high the Pound climbed to within touching distance of a month-high against the Euro. Whether the British currency is able to retain or extend recent gains largely depends on the outcome of todayâ€™s UK inflation figures. German economic sentiment data will also drive the GBP/EUR pairing.
USD/EUR â€“ Trading in the Region of 0.7524
If US retail sales gain by as much or more than forecast it will up the odds of the Federal Reserve tapering stimulus in September and the US Dollar will be able to advance on several of its main rivals. As it stands, the â€˜Greenbackâ€™ has strengthened to a week-high against the Yen and is moderately stronger against several of its other main rivals.
EUR/USD â€“ Trading in the Region of 1.3285
The Euro was little altered this morning after German inflation data met economistsâ€™ forecasts. However, the common currency is likely to experience volatility as a result of the German ZEW economic sentiment survey. Industrial production figures for the Eurozone will also be of interest.
AUD/USD â€“ Trading in the Region of 0.9122
Concerns regarding the outcome of tomorrowâ€™s Australian business confidence report, coupled with the expectation of US retail sales gaining for a fourth consecutive month, pushed the â€˜Aussieâ€™ lower against its peers during Australasian trading.
NZD/USD â€“ Trading in the Region of 0.7988
The â€˜Kiwiâ€™ continued to dip against the US Dollar during local trade, edging further away from the highs achieved last week. New Zealand Dollar fluctuations will be driven by both US and domestic retail sales reports in the hours ahead.
CAD/USD â€“ Trading in the Region of 0.9696
â€˜Loonieâ€™ movement has largely been driven by US speculation so far this week due to an absence of pertinent domestic economic news. The commodity-driven asset softened against its US counterpart overnight as investors await the publication of an influential US retail sales report.
USD/JPY â€“ Trading in the Region of 97.4300
Yesterdayâ€™s disappointing domestic growth data continued to adversely impact the Yen during Asian trading and the safe-haven asset fell close to a week-low against its US rival. Declines could be extended if US retail sales expand by more than the 0.3 per cent forecast,
South African Rand
USD/ZAR â€“ Trading in the Region of 9.9122
After rallying against the US Dollar yesterday the Rand weakened moderately ahead of todayâ€™s US retail sales report. A positive result is likely to knock emerging market currencies and the Rand could soften beyond the psychological 10 Rand per Dollar level.
As of Tuesday, 13th August 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1647, GBP USD exchange rate was 1.5446, GBP AUD exchange rate was 1.698, GBP NZD exchange rate was 1.9343, GBP CAD exchange rate was 1.5979, GBP JPY exchange rate was 151.7921, and GBP ZAR exchange rate was 15.4172.