Shortly after the release of UK house price data the Pound edged lower against its US peer and shed gains against the Euro. Rather than showing that house prices surged to a multi-year high in December, the report indicated that property values actually fell at the close of the year.
GBP/EUR is trading in the region of 1.2010 and GBP/USD is trading in the region of 1.6336
In the aftermath of the publication of the Federal Reserve’s beige book report the US Dollar extended gains against the Yen and enjoyed a bullish relationship with the majority of its most traded rivals. The report indicated that the central bank sees the world’s largest economy enjoying moderate expansion. Today’s US inflation figures may trigger further ‘Greenback’ movement.
USD/GBP is trading in the region of 0.6122 and USD/EUR is trading in the region of 0.7350
As data confirmed that German consumer prices advanced by 0.4 per cent in December year-on-year, the Euro experienced minimal movement. While the common currency is struggling to recover ground against a bullish ‘Buck’ the Euro was able to advance on the Pound ahead of tomorrow’s construction output report for the Eurozone.
EUR/GBP is trading in the region of 0.8328 and EUR/USD is trading in the region of 1.3600
An unexpected drop in Australian employment saw the ‘Aussie’ tumble against the majority of its rivals. As detailed by Euro Exchange Rate News, the commodity-driven currency slipped to a three-year low against the US Dollar and ended the local session considerably weaker against the Euro and Pound.
AUD/GBP is trading in the region of 0.5381, AUD/EUR is trading in the region of 0.6451 and AUD/USD is trading in the region of 0.8777
New Zealand Dollar
The ‘Kiwi’ surged against its Australian counterpart during Australasian trading as less-than-impressive employment data for the larger South Pacific nation took a toll. The New Zealand Dollar also posted a modest advance against the Pound but slipped against a buoyed US Dollar.
NZD/GBP is trading in the region of 0.5091, NZD/EUR is trading in the region of 0.6103 and NZD/USD is trading in the region of 0.8302
The ‘Loonie’s bearish relationship with its major rival persisted overnight. Although the Canadian Dollar clawed back losses after commodity prices climbed and the World Bank improved its global growth forecasts, it continued to trade in the region of a four-year low against the ‘Greenback’.
CAD/GBP is trading in the region of 0.5592, CAD/EUR is trading in the region of 0.6715 and CAD/USD is trading in the region of 0.9136
These exchange rates were correct as of 9:30 am