7th April 2014

AUD/USD Close to 4-Month High, CAD Holds Gains


Pound Sterling

Australian dollar exchange rate

An absence of significant economic data from the UK left the Pound trading slightly lower against its main rivals on Monday.

Fluctuations in the British asset may be a little limited before tomorrow’s domestic industrial/manufacturing output reports.

GBP/EUR is trading in the region of 1.2087 and GBP/USD is trading in the region of 1.6575

US Dollar

Friday’s less-than-spectacular employment figures for the US left the safe-haven asset struggling against several of its currency counterparts. Today’s US consumer credit report could be responsible for ‘Greenback’ movement.

USD/GBP is trading in the region of 0.6033 and USD/EUR is trading in the region of 0.7292

Euro

News that the Eurozone Sentix investor confidence measure advanced from 13.9 in March to 14.1 in April lent the Euro support as the local session progressed on Monday. The common currency was also boosted by an earlier report showing a stronger-than-forecast increase in German industrial production.

EUR/GBP is trading in the region of 0.8273 and EUR/USD is trading in the region of 1.3710

Australian Dollar

While the ‘Aussie’ continued trading in the region of a four-month high against the US Dollar and Euro, the appeal of the South Pacific asset was a little knocked as Australia’s AiG performance of construction index showed a third month of contraction.

AUD/GBP is trading in the region of 0.5605, AUD/EUR is trading in the region of 0.6772 and AUD/USD is trading in the region of 0.9285

New Zealand Dollar

During a quiet Australasian trading session the ‘Kiwi’ experienced minimal movement. A report showing an 8.8 per cent annual increase in New Zealand’s house prices helped the New Zealand Dollar retain previous gains against peers like the Pound.

NZD/GBP is trading in the region of 0.5192, NZD/EUR is trading in the region of 0.6273 and NZD/USD is trading in the region of 0.8602

Canadian Dollar

Last week’s Canadian Dollar surge left the ‘Loonie’ enjoying a bullish relationship with the US Dollar and Pound. While the currency has drifted away from last week’s highs it could edge even higher if today’s Canadian business outlook report shows improvement.

CAD/GBP is trading in the region of 0.5490, CAD/EUR is trading in the region of 0.6637 and CAD/USD is trading in the region of 0.9101

These exchange rates were correct as of 10:45 GMT


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