Published: 17 Apr at 1 PM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Japan, South Africa,
GBP/USD â€“ Trading in the Region of 1.6816
This weekâ€™s upbeat UK employment data left Sterling stronger against its currency counterparts and the British asset is in line to post a weekly advance against the US Dollar and Euro.
USD/GBP â€“ Trading in the Region of 0.5945
Comments issued by Fed Chairman Janet Yellen regarding the continued importance of accommodative fiscal policy left the US Dollar softer. Todayâ€™s initial jobless claims figures could cause more â€˜Greenbackâ€™ movement before the four-day Easter weekend.
EUR/USD â€“ Trading in the Region of 1.3860
While the Euro managed to recover some of its recent losses against the US Dollar the common currency remained weaker against a bullish Pound. With manufacturing and services PMI reports for the Eurozone due out next week Euro volatility can be expected.
AUD/USD â€“ Trading in the Region of 0.9347
After the NAB business confidence measure showed a decline, the â€˜Aussieâ€™ held onto recent losses as the Australasian session drew to a close. The South Pacific asset is preparing to record five day declines against the Pound and Euro.
NZD/USD â€“ Trading in the Region of 0.8618
The news that New Zealandâ€™s consumer confidence index climbed by 1.1 per cent in April had little impact on the â€˜Kiwiâ€™ and the commodity-driven currency was left trailing its British rival.
CAD/USD â€“ Trading in the Region of 0.9081
The Bank of Canada
â€™s rate decision provoked widespread â€˜Loonieâ€™ losses yesterday. Whether or not those declines are extended today depends on Canadaâ€™s inflation report.
USD/JPY â€“ Trading in the Region of 102.0800
During the European session the Yen clawed back losses against the Euro and US Dollar. The safe-haven currency had previously tumbled as global stocks rallied.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.5225
A quiet trading session saw the Rand hold steady against its currency counterparts. Next week South Africa
â€™s inflation data and PPI reports are likely to result in notable Rand movement.
As of Thursday, 17th April 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2156, GBP USD exchange rate was 1.6791, GBP AUD exchange rate was 1.7995, GBP NZD exchange rate was 1.9586, GBP CAD exchange rate was 1.8488, GBP JPY exchange rate was 172.0241, and GBP ZAR exchange rate was 17.6332.