The Euro lost ground

russian_roubles

Pound Sterling

After statistics compiled by Rightmove Plc revealed that the asking price of UK homes increase by 2.1 per cent the Pound gained on the Euro. However, Sterling continued to trade lower against a bullish US Dollar prior to tomorrow’s UK CPI release.

The Pound is presently trading against the Euro in the region of 1.1729 and is trading against the US Dollar in the region of 1.5326

US Dollar

The US Dollar broadly strengthened as risk-aversion increased as a result of disappointing Chinese data. The ‘Greenback’ gained on the majority of its most traded peers as China’s economy was shown to have expanded by 7.7 per cent in the first quarter rather than the estimated 8 per cent, knocking the global economic outlook.

The US Dollar is presently trading against the Pound in the region of 0.6523 and is trading against the Euro in the region of 0.7652

Euro

With investor appetite for higher-risk assets suppressed by news from China, the Euro lost ground against the safe-haven US Dollar. The common currency could experience fluctuations this morning following the publication of trade balance figures for the Eurozone.

The Euro is presently trading against the Pound in the region of 0.8524 and is trading against the US Dollar in the region of 1.3067

Australian Dollar

As China is Australia’s main trading partner, news of slower-than-expected economic growth in the former nation damaged the prospects of the latter. Consequently, the Australian Dollar declined against its main rivals. The ‘Aussie’ recouped some losses however as Australian home loan approvals increased by more than expected.

The Australian Dollar is presently trading against the Pound in the region of 0.6802, is trading against the Euro in the region of 0.7979 and is trading against the US Dollar in the region of 1.0420

New Zealand Dollar

The ‘Kiwi’ fell against its counterparts after China’s first quarter GDP was shown to be weaker than expected. The next piece of influential economic news for New Zealand, the nation’s Consumer Price Index, is due for release tomorrow.

The New Zealand Dollar is presently trading against the Pound in the region of 0.5537, is trading against the Euro in the region of 0.6541 and is trading against the US Dollar in the region of 0.8484

Canadian Dollar

Falling commodities, poor US retail sales data and Eurozone concerns resulted in the Canadian Dollar slipping against the ‘Greenback’ on Friday. The ‘Loonie’ continued to trade lower against its bullish US rival after Chinese data pushed investors towards safe-haven assets.

The Canadian Dollar is presently trading against the Pound in the region of 0.6398, is trading against the Euro in the region of 0.7506 and is trading against the US Dollar in the region of 0.9819

These exchange rates were correct as of 9:50 am

Richard Martin
This post was written by
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.