Published: 29 Jul at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, China, France, Germany, Greece, Ireland, Italy, Japan, South Africa, Portugal,
GBP/EUR â€“ Trading in the Region of 1.1588
Before the publication of UK mortgage approval data the Pound posted a modest advance against the Euro. As the report showed that mortgage approvals for house purchases fell, while lending to small and medium-sized British firms expanded at a record pace, Sterling could fluctuate as the European session progresses.
USD/EUR â€“ Trading in the Region of 0.7535
Slipping Asian stocks and the expectation that todayâ€™s US housing data will disappoint caused the â€˜Greenbackâ€™ to hit a month low against the Yen during Asian trading. Significant USD fluctuations can be expected to occur this week in response to the outcome of the Federal Reserveâ€™s two-day policy meeting.
Euro (Currency of Germany
EUR/USD â€“ Trading in the Region of 1.3268
Ahead of tomorrowâ€™s Spanish GDP and German consumer confidence data, the Euro was holding steady against the US Dollar and British Pound. News from the UK and US could inspire movement in the common currency in the hours ahead.
AUD/USD â€“ Trading in the Region of 0.9242
â€™s leading index edging to 99.55 in June from Mayâ€™s revised 99.72, and falling Asian stocks limiting demand for higher-risk assets, Australia
â€™s Dollar softened against several of its main peers. Tomorrowâ€™s Australian building approvals data could inspire additional â€˜Aussieâ€™ fluctuations.
NZD/USD â€“ Trading in the Region of 0.8065
Overnight the â€˜Kiwiâ€™ declined against several of its most traded currency rivals in reaction to comments issued by New Zealandâ€™s Prime Minister. After the PM asserted that the New Zealand Dollar remains overvalued the South Pacific asset dropped to 80.71 against the â€˜Greenback.â€™ In the first half of this week domestic economic data to look out for includes New Zealandâ€™s building permits figures and business confidence survey.
CAD/USD â€“ Trading in the Region of 0.9741
The â€˜Loonieâ€™ was able to post a third consecutive five-day gain against its US counterpart last week as Canada
â€™s economic outlook was bolstered by significantly better-than-forecast domestic retail sales data. The big piece of Canadian news to watch out for this week is Wednesdayâ€™s domestic GDP report.
USD/JPY â€“ Trading in the Region of 97.9700
Japanâ€™s Yen advanced on its peers during the local session as Asian stocks slumped in reaction to growth concerns for China and the US. The safe-haven asset climbed against rivals including the US Dollar and Pound.
South African Rand
ZAR/USD â€“ Trading in the Region of 9.7903
As trade began on Monday the Rand softened slightly against the US Dollar is response to data issued by the Reserve Bank of South Africa
. The data supported speculation surrounding the central bank issuing another rate cut.
As of Monday, 29th July 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1569, GBP USD exchange rate was 1.534, GBP AUD exchange rate was 1.6687, GBP NZD exchange rate was 1.9114, GBP CAD exchange rate was 1.5749, GBP CNY exchange rate was 9.407, GBP JPY exchange rate was 150.1992, and GBP ZAR exchange rate was 15.0171.