Published: 21 Jan 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/USDâ€“ Trading in the Region 1.6420
The Pound was little changed against the US Dollar this morning but was brushing a two-week high against the Euro on the expectation that todayâ€™s UK business optimism report will be positive.
USD/GBP â€“ Trading in the Region of 0.6089
After trading in a narrow range against its major peers yesterday, â€˜Greenbackâ€™ movement is also likely to be stilted today due to a lack of US news. That being said, developments in the Eurozone may trigger USD/EUR fluctuations.
EUR/USD â€“ Trading in the Region of 1.3536
Although the Euro began European trading close to a two-week low against the Pound the common currency could enjoy a rebound in the hours ahead if measures of economic confidence for the Eurozone and Germany
show the improvement expected.
AUD/USD â€“ Trading in the Region of 0.8776
Overnight the â€˜Aussieâ€™ remained stronger against the Euro and was little changed against the US Dollar as investors look ahead to tomorrowâ€™s Australian confidence report and inflation figures.
NZD/USD â€“ Trading in the Region of 0.8301
The â€˜Kiwiâ€™ climbed overnight as domestic inflation data supported the case for the Reserve Bank of New Zealand being the first developed central bank to raise interest rates. The commodity-driven currency ended Australasian trading stronger against its US and Australasian counterparts.
CAD/USD â€“ Trading in the Region of 0.9122
While Canadian wholesale sales and manufacturing shipment reports will be of interest today, investors will also be looking ahead to this weekâ€™s rate decision from the Bank of Canada
. A dovish policy statement could drive the â€˜Loonieâ€™ lower.
USD/JPY â€“ Trading in the Region of 104.6700
With the Bank of Japan gathering to discuss fiscal policy the Yen softened against the majority of its rivals. Speculation that the BOJ might expand an already unprecedented level of stimulus is likely to keep pressure on the Yen in the hours ahead.
South African Rand
USD/ZAR â€“ Trading in the Region of 10.8355
Looming mining strikes might be causing unease among South African policy makers, but the Rand was fairly range-bound as the local session opened. As the Rand tracks the Euro todayâ€™s confidence reports for the Eurozone could be of interest.
As of Tuesday, 21st January 2014, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.2149, GBP USD exchange rate was 1.6475, GBP AUD exchange rate was 1.871, GBP NZD exchange rate was 1.9816, GBP CAD exchange rate was 1.8072, GBP JPY exchange rate was 171.712, and GBP ZAR exchange rate was 17.8512.