6th January 2014

AUD exchange rate increases


Pound Sterling

Euro to Pound

This week’s mixed UK PMI figures left the Pound a little weaker against its major peers.

Although the currency experienced modest movement after domestic house prices were shown to have increased by more than expected, significant volatility could be inspired by today’s BoE rate decision.

GBP/EUR is trading in the region of 1.2046 and GBP/USD is trading in the region of 1.6292.

US Dollar

As a private report published yesterday revealed that the US economy added less positions than forecast last month, investors will be paying close attention to today’s initial jobless claims figures and tomorrow’s non-farm payrolls data. Signs of weakness in the US employment sector could wear on the ‘Greenback’, although today’s US trade balance report may also impact the currency.

USD/GBP is trading in the region of 0.6138 and USD/EUR is trading in the region of 0.7394

Euro

In the wake of yesterday’s less-than-impressive retail sales report for the Eurozone the Euro was struggling against several of its major rivals. If the European Central Bank issues a dovish policy statement today the common currency could extend declines.

EUR/GBP is trading in the region of 0.8300 and EUR/USD is trading in the region of 1.3524

Australian Dollar

Surprisingly upbeat trade-balance and business confidence figures for Australia boosted the nation’s currency against its peers. The ‘Aussie’ closed Australasian trading stronger against the ‘Greenback’, Pound and Euro.

AUD/GBP is trading in the region of 0.5492, AUD/EUR is trading in the region of 0.6611 and AUD/USD is trading in the region of 0.8945

New Zealand Dollar

Although this week’s positive employment figures for New Zealand supported the ‘Kiwi’ against some of its currency counterparts, the asset did slip against the neighbouring ‘Aussie’ as a result of upbeat Australian figures.

NZD/GBP is trading in the region of 0.5044, NZD/EUR is trading in the region of 0.6091 and NZD/USD is trading in the region of 0.8220

Canadian Dollar

A renewed interest in higher-risk assets helped the ‘Loonie’ climb during North American trading. The currency could fluctuate today following the release of Canada’s Ivey PMI, but investors will also be looking ahead to tomorrow’s Canadian employment figures.

CAD/GBP is trading in the region of 0.5544, CAD/EUR is trading in the region of 0.6678 and CAD/USD is trading in the region of 0.9031

These exchange rates were correct as of 10:05 am


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