Published: 14 Jan 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,
GBP/USDâ€“ Trading in the Region 1.6422
The Pound began the day slightly stronger against the US Dollar and Euro but went on to fluctuate following the release of UK inflation data. UK consumer prices rose by less-than-expected in December, climbing 0.4 per cent month-on-month rather than the 0.5 per cent expected.
USD/GBP â€“ Trading in the Region of 0.6090
With the FOMC due to meet at the end of the month and the probability of stimulus being tapered dependent on positive US data, todayâ€™s advance US retail sales report is of considerable interest. Sales are forecast to climb by 0.1 per cent in December.
EUR/USD â€“ Trading in the Region of 1.3689
The Euro may have been little affected by German wholesale price figures, but todayâ€™s industrial output report for the Eurozone could cause movement. Industrial output is expected to have advanced by 1.4 per cent in November, month-on-month.
AUD/USD â€“ Trading in the Region of 0.9027
The â€˜Aussieâ€™ shed gains against its major peers during Australasian trading and could continue edging away from its recent one-month high against the US Dollar depending on the outcome of tomorrowâ€™s Chinese loan data.
NZD/USD â€“ Trading in the Region of 0.8394
After a measure of New Zealandâ€™s business confidence rose to a twenty-month high the â€˜Kiwiâ€™ strengthened against the majority of its peers. The commodity-driven asset could extend gains if todayâ€™s domestic food price report is positive.
CAD/USD â€“ Trading in the Region of 0.9173
Last weekâ€™s less-than-impressive Canadian employment data is keeping pressure on the â€˜Loonieâ€™ and the commodity-driven currency remains close to a four-year low against the US Dollar. Yesterdayâ€™s below estimate business outlook index for Canada
also saw the â€˜Loonieâ€™ consolidate losses against the Pound and Euro.
USD/JPY â€“ Trading in the Region of 103.4200
In the aftermath of the release of Japanâ€™s current account deficit data the Yen stumbled, posting its most significant decline against the US Dollar for two weeks. Tomorrowâ€™s Japanese machine tool orders figures could inspire more Yen movement, although investors will also be focusing on todayâ€™s US advance retail sales report.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.8810
With an approaching strike in South Africa
â€™s platinum sector weighing on the nationâ€™s economic outlook the Rand dropped to a five-year low against its US counterpart. The currency was further affected by disappointing domestic mining production figures.
As of Tuesday, 14th January 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2024, GBP USD exchange rate was 1.6433, GBP AUD exchange rate was 1.8339, GBP NZD exchange rate was 1.9644, GBP CAD exchange rate was 1.7992, GBP CNY exchange rate was 9.9276, GBP JPY exchange rate was 171.2263, and GBP ZAR exchange rate was 17.7944.