30th April 2014

EUR/USD Fluctuates After Eurozone CPI


Pound Sterling

Euro to Pound

While the Pound softened slightly on Tuesday as the UK’s 0.8 per cent quarterly growth slightly disappointed expectations, the British asset recovered some losses as a measure of UK consumer confidence hit its highest level since 2007.

GBP/EUR is trading in the region of 1.2159 and GBP/USD is trading in the region of 1.6816.

US Dollar

Less-than-impressive US consumer sentiment data wore on the ‘Greenback’ yesterday. If today’s US growth report adds to the case for the Federal Reserve keeping fiscal policy accommodative for the foreseeable future the US Dollar could ease lower.

USD/GBP is trading in the region of 0.5947 and USD/EUR is trading in the region of 0.7231

Euro

As Germany’s employment figures surprised to the upside and the Eurozone’s inflation report wasn’t as bad as feared, the Euro recovered earlier losses as European trading continued.

EUR/GBP is trading in the region of 0.8220 and EUR/USD is trading in the region of 1.3822

Australian Dollar

As reports brightened the global economic outlook yesterday and pushed investors towards higher-risk assets, the ‘Aussie’ rallied against several of its major currency counterparts. If China’s manufacturing PMI raises slowdown concerns the Australian Dollar could tumble during the local session.

AUD/GBP is trading in the region of 0.5513, AUD/EUR is trading in the region of 0.6732 and AUD/USD is trading in the region of 0.9272

New Zealand Dollar

A mixed bag of data for New Zealand had little-impact on the commodity-driven currency overnight. While building permits in New Zealand jumped by considerably more than expected the nation’s measures of business confidence and activity outlook fell.

NZD/GBP is trading in the region of 0.5091, NZD/EUR is trading in the region of 0.6197 and NZD/USD is trading in the region of 0.8555

Canadian Dollar

With Canadian and US growth data looming, Canadian Dollar movement is likely. The ‘Loonie’ is currently softer against the ‘Greenback’ but a positive result could give the currency a boost.

CAD/GBP is trading in the region of 0.5428, CAD/EUR is trading in the region of 0.6600 and CAD/USD is trading in the region of 0.9127

These exchange rates were correct as of 11:45 GMT


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