The Pound is presently trading against the Euro in the region of 1.1743

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Pound Sterling

Sterling is set to experience volatility today following the release of UK services PMI and the Bank of England’s rate decision. The Pound dipped against both the US Dollar and Euro prior to the news and disappointing developments could see the UK currency fall further.

The Pound is presently trading against the Euro in the region of 1.1743 and is trading against the US Dollar in the region of 1.5063

US Dollar

The Bank of Japan’s policy meeting ended with the central bank pledging to step up its monetary easing, and the US Dollar consequently strengthened. The ‘Greenback’ gained notably on the Yen, but also advanced on the Euro and Pound. This afternoon’s US initial jobless claims figures could be responsible for further fluctuations.

The US Dollar is presently trading against the Pound in the region of 0.6633 and is trading against the Euro in the region of 0.7798

Euro

With the European Central Bank’s rate decision imminent the Euro dipped against the US Dollar. The central bank’s announcement will be the major cause of Euro volatility today, although the currency could also experience movement as a result of developments in the UK and US.

The Euro is presently trading against the Pound in the region of 0.8510 and is trading against the US Dollar in the region of 1.2819

Australian Dollar

After Australian building approvals, retail sales and Performance of Service Index exceeded forecasts the ‘Aussie’ rose, climbing against several of its most traded peers. The South Pacific currency notably jumped by 2.1 per cent against the Yen and moved away from a three-week low against the ‘Kiwi’.

The Australian Dollar is presently trading against the Pound in the region of 0.6919, is trading against the Euro in the region of 0.8124 and is trading against the US Dollar in the region of 1.0430

New Zealand Dollar

The ‘Kiwi’ fell against a bullish US Dollar in the aftermath of the Bank of Japan’s policy meeting. The New Zealand Dollar also declined against the ‘Aussie’ after the latter currency strengthened in reaction to a string of positive Australian data releases. An absence of economic news for New Zealand means that global developments will be the main cause of ‘Kiwi’ movement in the days ahead.

The New Zealand Dollar is presently trading against the Pound in the region of 0.5560, is trading against the Euro in the region of 0.6571 and is trading against the US Dollar in the region of 0.8377

Canadian Dollar

The Canadian Dollar dropped from a six-week high against its US counterpart after crude oil, Canada’s main export, fell to a four-month low. Additional ‘Loonie’ movement could occur today in response to global economic developments but investors will also be looking ahead to tomorrow’s Canadian employment figures.

The Canadian Dollar is presently trading against the Pound in the region of 0.6538, is trading against the Euro in the region of 0.7682 and is trading against the US Dollar in the region of 0.9849

These exchange rates were correct as of 9:19 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.