Published: 26 Jul at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, France, Germany, Greece, Ireland, Italy, Japan, South Africa, Portugal,
GBP/EUR â€“ Trading in the Region of 1.1581
While the Pound has retained declines against the Euro, the British currency is in line to record a five-day advance against the US Dollar. Investors will now be looking ahead to next weekâ€™s significant UK news, including a mortgage approvals report.
USD/EUR â€“ Trading in the Region of 0.7531
The US Dollar broadly softened overnight, slipping against peers including the Euro, Yen and US Dollar. The big piece of economic news scheduled for release today, the US University of Michigan confidence index, could trigger further â€˜Greenbackâ€™ movement.
Euro (Currency of Germany
EUR/USD â€“ Trading in the Region of 1.3280
The Euro was holding steady against peers like the US Dollar and Pound as the European session progressed. The common currency was supported by a report showing that consumer confidence in France had strengthened to a three-month high.
AUD/USD â€“ Trading in the Region of 0.9254
Although the Australian Dollar modestly strengthened against its US rival, the South-Pacific currency approached a 4 Â½ year low against its New Zealand
rival as the expectation that the Reserve Bank of Australia
will opt to cut rates wore on the asset.
New Zealand Dollar
NZD/USD â€“ Trading in the Region of 0.8076
The New Zealand Dollar continued to trade strongly against its peers as a result of the Reserve Bankâ€™s hints regarding bringing an end to fiscal easing. â€˜Kiwiâ€™ movement may be limited as we head into the weekend.
CAD/USD â€“ Trading in the Region of 0.9737
Crude oil data and a report showing that Canada
â€™s average weekly earnings gained by 2.5 per cent in May helped the â€˜Loonieâ€™ brush a month-high against the US Dollar during the local session. Although Canadian economic news is thin on the ground today, the US University of Michigan confidence index will be of interest.
USD/JPY â€“ Trading in the Region of 98.5600
Slumping Asian stocks saw Japanâ€™s Yen climb during local trade. The safe-haven asset also advanced on its broadly softening US rival. Data showed that Japanâ€™s national consumer price index advanced by more than expected in June, increasing 0.2 per cent year-on-year rather than the 0.1 per cent forecast.
South African Rand
ZAR/USD â€“ Trading in the Region of 9.6910
The Rand softened yesterday as commodity-driven currencies took a knock during the Asian session. However, South Africa
â€™s currency recouped losses and went on to consolidate gains overnight as the US Dollar turned bearish. Domestic data to watch out for next week includes an unemployment rate report, a consumer confidence index and balance of trade data.
As of Friday, 26th July 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1587, GBP USD exchange rate was 1.5387, GBP AUD exchange rate was 1.6605, GBP NZD exchange rate was 1.9028, GBP CAD exchange rate was 1.5815, GBP JPY exchange rate was 151.2482, and GBP ZAR exchange rate was 15.049.