The ‘Aussie’ was able to retain yesterday’s gain against the US Dollar

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Pound Sterling

For the first time in three weeks the Pound is heading for a five-day decline against both the US Dollar and Euro. Yesterday the British currency posted its most significant decline against the ‘Greenback’ for three weeks after a Bank of England policy maker intimated that asset purchases could be expanded in some circumstances. However, if today’s UK GDP figures surprise to the upside Sterling could recoup losses before the close of local trade.

GBP/EUR is trading in the region of 1.1686 and GBP/USD is trading in the region of 1.5591

US Dollar

With US initial jobless claims hitting a five-year low the ‘Greenback’ was able to extend gains against rivals including the Yen and Pound. US new home sales are likely to influence US Dollar movement before the weekend.

USD/GBP is trading in the region of 0.6415 and USD/EUR is trading in the region of 0.7496

Euro

After strengthening against several of its rivals yesterday in response to better than forecast PMI figures the Euro was little-changed as the European session opened. German GDP figures, which met economists’ expectations for expansion of 0.5 per cent, had limited impact on the common currency.

EUR/GBP is trading in the region of 0.8556 and EUR/USD is trading in the region of 1.3340

Australian Dollar

The ‘Aussie’ was able to retain yesterday’s gain against the US Dollar overnight as indicators implied that the currency’s recent decline had been excessive. The South Pacific asset was supported on Thursday as China’s manufacturing sector expanded, but is still heading for a five-day decline of 2 per cent against its American counterpart.

AUD/GBP is trading in the region of 0.5770, AUD/EUR is trading in the region of 0.6746 and AUD/USD is trading in the region of 0.8993

New Zealand Dollar

During Australasian trading the ‘Kiwi’ was trading in a narrow range against its US peer, leaving the currency headed for its biggest weekly loss against the ‘Greenback’ since June. However, the New Zealand Dollar was able to edge away from yesterday’s two-day low against the ‘Aussie’.

NZD/GBP is trading in the region of 0.5012, NZD/EUR is trading in the region of 0.5868 and NZD/USD is trading in the region of 0.7811

Canadian Dollar

A larger-than-forecast decline in Canadian retail sales saw the ‘Loonie’ plummet to a six-month low against its US counterpart during the North American session. The commodity-driven asset is likely to experience fluctuations today as a result of domestic inflation figures.

CAD/GBP is trading in the region of 0.6084, CAD/EUR is trading in the region of 0.7108 and CAD/USD is trading in the region of 0.9482

These exchange rates were correct as of 9:25 am

Richard Martin
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After working in business development for a major UK currency brokers for several years, Richard left Britain to help set up the company’s Australian office and now lives and works in Queensland; making the most of his new Down-Under lifestyle.