October 2013 currency news archive

Exchange rate developments and the events behind them. Each report is dated so you can see when it was published.

These reports were published in October 2013. For current indicative exchange rates, use the currency converter.

Rupee Falls As RBI Cuts Rate (USD/INR)

Over the last few weeks political uncertainty in the US and the new Governing hand of the Reserve Bank of India have helped the Rupee recover ground. After falling to record lows earlier in…

US Dollar Falls, Rupee Gains, Pound Softens

Fear that the US shutdown, which is now into its third day, will cost the US economy billions and weaken the nation’s economic growth saw the US Dollar edge close to a month low…

Rupee Recovery (USD/INR) Not Expected To Last

Over the last few weeks US political concerns and the falling odds of stimulus being tapered by the Federal Reserve allowed the Indian Rupee to recover ground against its counterparts and gain by 5…

EUR/USD And EUR/GBP Volatility Likely As ECB Meets

Pound Sterling GBP/EUR – Trading in the Region of 1.1976 While yesterday’s UK manufacturing PMI fell short of estimates, the Pound still enjoyed a bullish relationship with several of its peers and began the…

USD/GBP At Nine-Month High As US Political Concerns Grow

The partial shutdown of the US government and the potential drag on US GDP the situation may cause triggered significant market volatility overnight. Now, with investors lowering the odds of the Federal Reserve tapering…

Exchange Rate Update, Pound, Euro, US Dollar And Yen

Pound Sterling GBP/EUR – Trading in the Region of 1.1973 After beginning the European session close to a nine-month high against the US Dollar, the Pound extended gains against its major counterparts as UK…