2nd May 2014

USD Broadly Stronger after US Employment Surge


Pound Sterling

Euro to Pound

Although the Pound was little-effected by a domestic report showing a dip in UK construction growth, the British currency did edge lower against a bullish US Dollar before the close of local trading. The GBP/EUR pairing fluctuated throughout the day but Sterling came out on top.

GBP/EUR is trading in the region of 1.2170 and GBP/USD is trading in the region of 1.6868

US Dollar

With the US non-farm payrolls report showing an unexpected surge in US employment, the ‘Greenback’ broadly strengthened on Friday. The safe-haven asset extended gains against the Yen and advanced on peers like the Pound and Euro.

USD/GBP is trading in the region of 0.5941 and USD/EUR is trading in the region of 0.7215

Euro

During European trading the Eurozone’s manufacturing PMI and employment figures were positively revised. The Euro fluctuated against its major rivals but prepared to close local trading little changed.

EUR/GBP is trading in the region of 0.8215 and EUR/USD is trading in the region of 1.3862

Australian Dollar

With the Reserve Bank of Australia’s rate announcement and Australia’s employment figures due out next week, the ‘Aussie’ was struggling against its peers. The commodity-driven currency weakened against the US Dollar after US jobs data was published.

AUD/GBP is trading in the region of 0.5488, AUD/EUR is trading in the region of 0.6681 and AUD/USD is trading in the region of 0.9218

New Zealand Dollar

The commodity-driven ‘Kiwi’ was fairly static on Friday as investors looked ahead to next week’s New Zealand employment figures. That being said, the US employment data did give higher-risk assets like the New Zealand Dollar a bit of a boost on Friday.

NZD/GBP is trading in the region of 0.5119, NZD/EUR is trading in the region of 0.6229 and NZD/USD is trading in the region of 0.8598

Canadian Dollar

Canadian Dollar weakness persisted on Friday and the CAD/USD pairing continued trading lower. The ‘Loonie’ did strengthen against the Pound slightly after UK construction data was published, but gains were slight.

CAD/GBP is trading in the region of 0.5410, CAD/EUR is trading in the region of 0.6584 and CAD/USD is trading in the region of 0.9105

These exchange rates were correct as of 16:30 GMT


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