Published: 30 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 1.1566
Better-than-forecast news from the Eurozone saw the Pound slip against the Euro as the European session progressed. While Lloyds business barometer for the UK will be of interest, investors will also be looking ahead to tomorrowâ€™s domestic consumer confidence figures and the Bank of Englandâ€™s rate decision.
USD/EUR â€“ Trading in the Region of 0.7535
Overnight the US Dollar recouped losses against its Japanese peer and recorded notable gains against the Australian and New Zealand
Dollars. The safe-haven asset was little changed against the Pound and Euro, but can be expected to fluctuate following the release of US consumer confidence figures.
Euro (Currency of Germany
EUR/USD â€“ Trading in the Region of 1.3271
Unexpectedly strong German consumer confidence figures helped the Euro strengthen against the Pound ahead of todayâ€™s German inflation data. The common currencyâ€™s movement against the US Dollar was limited ahead of this weekâ€™s highly anticipated central bank policy meetings.
AUD/USD â€“ Trading in the Region of 0.9061
An unexpected decline in Australian building approvals, and hints from the Reserve Bank of Australia
that interest rates could be cut further, inspired widespread â€˜Aussieâ€™ losses in Australasian trading. The commodity-driven asset plummeted against its New Zealand and US rivals.
New Zealand Dollar
NZD/USD â€“ Trading in the Region of 0.7989
With the Australian Dollar broadly weakening in response to domestic economic concerns, the â€˜Kiwiâ€™ was able to surge to a five-year high against its South Pacific peer. However, the New Zealand Dollar did slip against its British and Eurozone currency counterparts during the local session.
CAD/USD â€“ Trading in the Region of 0.9726
Yesterday continued strength in crude oil prices helped Canada
â€™s currency brush a month high against its US rival. The â€˜Loonieâ€™ could fluctuate today following the release of Canadian industrial product price figures, but news from the US will be the main focus of investor interest.
USD/JPY â€“ Trading in the Region of 98.1500
During the Asian session the Yen broadly softened, notably slipping against its US counterpart. Japanâ€™s currency was knocked by some disappointing domestic data and rallying Asian stocks. Todayâ€™s US consumer confidence data could cause the USD/JPY pairing to experience additional movement.
South African Rand
ZAR/USD â€“ Trading in the Region of 9.8125
Prior to the publication of several pieces of influential economic data the Rand softened against the US Dollar and slipped against the Pound. Employment and trade data for South Africa
is expected to cause movement in the commodity driven currency, but news from the US and Europe will also be of interest.
As of Tuesday, 30th July 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1489, GBP USD exchange rate was 1.5236, GBP AUD exchange rate was 1.6792, GBP NZD exchange rate was 1.9051, GBP CAD exchange rate was 1.5704, GBP JPY exchange rate was 149.4424, and GBP ZAR exchange rate was 14.936.