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Exchange Rate News: Pound, Euro, New Zealand Dollar, US Dollar, Australian Dollar

Published: 14 Oct 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,

Pound Sterling
GBP/EUR – Trading in the Region of 1.1781
With this week’s retail sales and employment reports forecast to show improvement the Pound began local trade slightly stronger against the US Dollar, but remained within touching distance of a six-week low against the Euro.

US Dollar
USD/EUR – Trading in the Region of 0.7374
Although ‘Greenback’ movement is likely to be limited due to US markets being closed for a national holiday, the US Dollar has posted declines against several of its peers overnight as the deadline for avoiding a potentially disastrous default approaches.

Euro
EUR/USD – Trading in the Region of 1.3555
The expectation of a positive industrial production report for the Eurozone supported the Euro during the local session and saw the common currency advance on its US and British peers. If today’s data shows the 0.8 per cent monthly increase expected the Euro could extend gains.

Australian Dollar
AUD/USD – Trading in the Region of 0.9461
While advancing Chinese stocks helped the ‘Aussie’ climb on the US Dollar, the commodity-driven currency slid against several of its peers as the publication of Reserve Bank of Australia policy meeting minutes approached.

New Zealand Dollar
NZD/USD – Trading in the Region of 0.8372
The New Zealand Dollar advanced during Australasian trading as domestic home price data showed that property values hit a record high in September. NZD/AUD gains were aided by the news that Australia’s home loans fell by more-than-expected.

Canadian Dollar
CAD/USD – Trading in the Region of 0.9660
After recording its largest decline against the US Dollar for seven-weeks on Friday, the ‘Loonie’ was little changed against its rival on Monday. Although tomorrow’s Canadian existing home sales report will be of interest, market movement is likely to be driven by US news this week.

Japanese Yen
USD/JPY – Trading in the Region of 98.2800
The rapidly approaching deadline for avoiding a US default saw the Yen rally against the US Dollar for the first time in five days. The safe-haven asset also gained on several of its other main peers as US uncertainty pushed investors towards lower-risk currencies.

South African Rand
USD/ZAR – Trading in the Region of 9.9119
Although the US Dollar broadly softened as hours of debate in Washington ended without a solution to the debt ceiling being reached, the Rand lost ground against its North American rival as the local session opened.
As of Monday, 14th October 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1782, GBP USD exchange rate was 1.5973, GBP AUD exchange rate was 1.6816, GBP NZD exchange rate was 1.9121, GBP CAD exchange rate was 1.6542, GBP CNY exchange rate was 9.7558, GBP JPY exchange rate was 157.5735, and GBP ZAR exchange rate was 15.8437.
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.

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