Published: 28 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,
GBP/EUR – Trading in the Region of 1.1728
Although positive UK housing figures lifted the Pound modestly against the Euro, the British asset was little changed against its US cousin ahead of the release of UK CBI reported sales data. If the report surprised expectations Sterling could enjoy modest gains in the days ahead.
USD/EUR – Trading in the Region of 0.7240
Ahead of the release of US industrial production and home sales data the ‘Greenback’ was holding steady against the Euro and was slightly softer against the Pound. Although today’s economic reports will be of interest, US Dollar movement could be a little restricted prior to this week’s US retail sales report.
EUR/USD – Trading in the Region of 1.3810
As the European session progressed the Euro was little changed against the US Dollar having hit a two-year high against its American counterpart last week. While today’s UK reported sales figures could inspire EUR/GBP movement, investors will also be looking ahead to this week’s major Eurozone news – including unemployment figures for the currency block.
AUD/USD – Trading in the Region 0.9597
With economists forecasting that data will show that China
’s manufacturing sector expanded by the most for 18 months, the commodity driven ‘Aussie’ rallied against its US and British rivals. This week’s Australian new home sales report will also be of interest.
NZD/USD – Trading in the Region of 0.8308
Ahead of the Reserve Bank of New Zealand’s rate decision, the ‘Kiwi’ was able to post modest gains against peers like the US Dollar as Asian shares climbed and economists forecast an improvement in China’s manufacturing output.
CAD/USD – Trading in the Region of 0.9578
Following a predominately bearish week, the ‘Loonie’ was little changed against the US Dollar but softer against the Pound as investors look ahead to Thursday’s Canadian GDP data, which is expected to show that growth slowed in August.
USD/JPY – Trading in the Region of 97.5400
After the Bank of Japan’s deputy Governor reaffirmed the central bank’s determination to continue with an accommodative easing policy the Yen broadly softened. The safe-haven asset snapped a recent run of gains against both the US Dollar and Euro and remained weaker as the European session got underway.
South African Rand
USD/ZAR – Trading in the Region of 9.7680
With South African employment and trade balance data due out this week, the Rand began the local session slightly softer against is US peer. However, if today’s US industrial production and mortgage approval data disappoints, the Rand could recover losses.
As of Monday, 28th October 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1706, GBP USD exchange rate was 1.614, GBP AUD exchange rate was 1.6908, GBP NZD exchange rate was 1.945, GBP CAD exchange rate was 1.6858, GBP CNY exchange rate was 9.8219, GBP JPY exchange rate was 157.5747, and GBP ZAR exchange rate was 15.8591.