Pound Sterling
The Bank of England’s decision to refrain from expanding stimulus, combined with a relatively positive UK housing report, left Sterling trading slightly higher against the US Dollar this morning. The British currency could experience additional movement today in response to Eurozone retail sales and US non-farm payrolls data.
The Pound is presently trading against the Euro in the region of 1.1780 and is trading against the US Dollar in the region of 1.5204
US Dollar
Since the Bank of Japan announced its intention to double bond purchases the safe-haven ‘Greenback’ has enjoyed a bullish relationship with its peers, and the US Dollar could continue to advance today if this afternoon’s US non-farm payrolls data exceeds expectations.
The US Dollar is presently trading against the Pound in the region of 0.6579 and is trading against the Euro in the region of 0.7752
Euro
After the European Central Bank’s policy meeting the Euro modestly declined against its US counterpart. The common currency could dip further if today’s retail sales figures for the Eurozone show a more significant decline than the 0.4 per cent drop economists are anticipating.
The Euro is presently trading against the Pound in the region of 0.8489 and is trading against the US Dollar in the region of 1.2906
Australian Dollar
With the US Dollar broadly strengthening in the aftermath of the Bank of Japan’s policy announcement, the ‘Aussie’ recorded a slight decline against its American counterpart. The South Pacific currency achieved an over four-year high against the Japanese Yen after the BOJ’s decision to step up stimulus.
The Australian Dollar is presently trading against the Pound in the region of 0.6852, is trading against the Euro in the region of 0.8074 and is trading against the US Dollar in the region of 1.0426
New Zealand Dollar
During local trade the ‘Kiwi’ soared to an over four-year high against the Yen as the Bank of Japan increased the appeal of the former currency with its decision to expand stimulus. However, the New Zealand Dollar declined against a bullish ‘Greenback’ prior to the release of US non-farm payrolls data.
The New Zealand Dollar is presently trading against the Pound in the region of 0.5518, is trading against the Euro in the region of 0.6500 and is trading against the US Dollar in the region of 0.8406
Canadian Dollar
With economist’s expecting today’s employment data to show that the Canadian economy added 6,500 jobs in March the ‘Loonie’ was able to reach a six-week high against its neighbouring currency. The Canadian Dollar is currently trading in the region of 0.9865 against the US Dollar and could rise further if the employment figures exceed expectations.
The Canadian Dollar is presently trading against the Pound in the region of 0.6488, is trading against the Euro in the region of 0.7643 and is trading against the US Dollar in the region of 0.9865
These exchange rates were correct as of 9:30 am
