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Exchange Rate News: New Zealand Dollar, Euro, Sterling, Greenback, Australian Dollar

Published: 15 Oct 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/EUR – Trading in the Region of 1.1780
The Pound experienced movement this morning as UK inflation increased by more than expected in September, rising 0.4 per cent month-on-month rather than the 0.3 per cent predicted. Year-on-year CPI was up 2.7 per cent, following a gain of 2.7 per cent in August. Separate UK data due for release today is expected to show an increase in the nation’s house prices.

US Dollar
USD/EUR – Trading in the Region of 0.7376
After Senate Majority Leader Harry Reid implied that US lawmakers would reach a deal regarding the debt ceiling today, investors rediscovered their appetites for higher-risk assets and the ‘Greenback’ retained declines.

EUR/USD – Trading in the Region of 1.3561
As the European session opened the Euro was enjoying a bullish relationship with its American rival but was slightly softer against the Pound. The common currency fluctuated following the publication of German import price figures, but was restrained prior to the release of ZEW German and Eurozone economic sentiment surveys. US news is also likely to trigger Euro movement in the hours ahead.

Australian Dollar
AUD/USD – Trading in the Region 0.9542
The ‘Aussie’ rallied during Australasian trading and hit its highest level against the US Dollar since June as minutes from the Reserve Bank of Australia’s policy meeting showed that the central bank has little intention of raising interest rates before the end of the year.

New Zealand Dollar
NZD/USD – Trading in the Region of 0.8397
After Grant Spencer (Deputy Governor of the Reserve Bank of New Zealand) intimated that mortgage lending restrictions could affect rate increases, the ‘Kiwi’ slipped against the Australian Dollar. However, the New Zealand Dollar continued to trade strongly against its US counterpart ahead of the release of domestic inflation data.

Canadian Dollar
CAD/USD – Trading in the Region of 0.9670
Overnight the ‘Loonie’ recouped some of its recent losses as US lawmakers came a step closer to reaching an agreement which would prevent a potentially disastrous default occurring. Today US news will be a key cause of market movement, but Canada’s existing home sales report will also be of interest.

Japanese Yen
USD/JPY – Trading in the Region of 98.3800
While the Yen was trading higher against the US Dollar as the Asian session came to a close, the safe-haven asset softened slightly against peers like the Euro and Pound as the prospect of resolution in the US saw investors turn to higher-yielding assets.

South African Rand
USD/ZAR – Trading in the Region of 9.9162
Although the US Dollar weakened against several of its most traded currency counterparts as US officials hinted at the prospect of a deal being announced today, the Rand dipped against the ‘Buck’ for the first time in five days. The commodity-driven asset is likely to remain under pressure ahead of the release of South Africa’s retail sales figures, due out tomorrow.
As of Tuesday, 15th October 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1823, GBP USD exchange rate was 1.5992, GBP AUD exchange rate was 1.681, GBP NZD exchange rate was 1.9068, GBP CAD exchange rate was 1.6597, GBP JPY exchange rate was 157.0626, and GBP ZAR exchange rate was 15.9465.
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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