Published: 30 Oct 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/EUR â€“ Trading in the Region of 1.1672
The expectation that this weekâ€™s UK manufacturing and house price data will reveal growth slowing in both sectors kept the Pound trading close to a two-month low against the Euro during the local session. While todayâ€™s Lloydâ€™s business barometer could impact Sterling, market movement will primarily be triggered by US developments.
USD/EUR â€“ Trading in the Region of 0.7276
As the Federal Open Market Committee prepares to deliver its highly anticipated policy statement at 18:00 GMT the US Dollar enjoyed widespread gains against its rivals. Overnight the â€˜Buckâ€™ consolidated gains against the Yen and made a notable advance against both the Australian and New Zealand
EUR/USD â€“ Trading in the Region of 1.3737
With separate reports confirming that Spain
emerged from recession in the third quarter while German unemployment increased by 2,000 in October, the Euro experienced modest fluctuations early into the European session. With several other influential data releases on the cards for today further Euro movement is likely.
AUD/USD â€“ Trading in the Region 0.9500
As Reserve Bank of Australia
Governor Glenn Stevens asserted that the â€˜Aussieâ€™ is likely to be considerably weaker in the future, the South Pacific currency stumbled against the majority of its most traded rivals. Although a report showed a strong increase in domestic home sales, the Australian Dollar ended the local session weaker.
New Zealand Dollar
NZD/USD â€“ Trading in the Region of 0.8264
Although investors are largely concerned with developments in the US, the upcoming Reserve Bank of New Zealand rate decision will also impact the â€˜Kiwiâ€™. As it stands the New Zealand Dollar is broadly weaker having softened in response to the news that top ratings agency Moodyâ€™s considered reducing New Zealandâ€™s AAA credit rating.
CAD/USD â€“ Trading in the Region of 0.9566
Yesterday the â€˜Loonieâ€™ hit a seven-week low against its US counterpart as Bank of Canada
Governor Stephen Poloz explained his reasoning for omitting rate-increase hints in the central bankâ€™s recent policy statement.
USD/JPY â€“ Trading in the Region of 98.2100
The Yen retained recent declines against the â€˜Greenbackâ€™ as Australasian trading closed and investors debated the potential content of the Federal Reserveâ€™s policy statement. If the central bank offers a more hawkish stance than expected the Yen could extend losses overnight.
South African Rand
USD/ZAR â€“ Trading in the Region of 9.8350
As the US Dollar broadly strengthened ahead of the Federal Reserve announcement, the Rand softened against its North American rival. With tapering timeline speculation rife and South African trade balance data due out tomorrow further Rand movement can be expected.
As of Wednesday, 30th October 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1677, GBP USD exchange rate was 1.6025, GBP AUD exchange rate was 1.6925, GBP NZD exchange rate was 1.9423, GBP CAD exchange rate was 1.6795, GBP JPY exchange rate was 157.8638, and GBP ZAR exchange rate was 15.9377.