Daily Foreign Exchange Rates and News

This Morning's Inter-bank Rates
GBPEUR Pounds to Euros 1.2209 Get a quote
GBPUSD Pounds to Dollars 1.5395 Get a quote
GBPAUD Pounds to Australian Dollar 1.7408 Get a quote
GBPNZD Pounds to New Zealand Dollar 2.1879 Get a quote
GBPCAD Pounds to Canadian Dollar 1.6317 Get a quote
GBPZAR Pounds to South African Rand 11.392 Get a quote
GBPTRY Pounds to Turkish Lira 2.3607 Get a quote
GBPCHF Pounds to Swiss Francs 1.6077 Get a quote
EURGBP Euros to Pounds 0.8187 Get a quote
EURUSD Euros to Dollars 1.2605 Get a quote
AUDEUR Australian Dollars to Euros 1.4189 Get a quote
AUDUSD Australian Dollars to US Dollars 0.8842 Get a quote
GBPSGD Pounds to Singapore Dollars 2.1125 Get a quote
GBPHKD Pounds to Hong Kong Dollars 12.200 Get a quote
GBPJPY Pounds to Japanese Yen 129.87 Get a quote
GBPAED Pounds to UAE Dirham 5.5758 Get a quote
GBPTHB Pounds to Thai Baht 50.000 Get a quote
GBPPLN Pounds to Polish Zloty 4.9060 Get a quote
GBPHUF Pounds to Hungarian Forint 348.20 Get a quote

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Daily news story:

Exchange Rate Outlook - Australian Dollar Money Transfer.

 

The lack of economic releases in Monday trade was certainly a good proxy for the way things went, with some lacklustre overall price action. On the data front, the US Chicago Fed national activity index came in slightly better, while Euro-zone consumer confidence also showed some improvement.

However, the Euro exchange rate was weighed down for the most part, with many citing the latest Moody’s report which warned that slower growth could lead to European ratings downgrades.

Meanwhile, US equities could not hold onto any gains, and this helped to weigh more heavily on the Japanese Yen crosses, with Eur/Jpy breaking back into the 1.0700’s and threatening a retest of the yearly lows down by 107.30. Finally, fears that a hung parliament in Australia would be disastrous for the Australian Dollar currency rate have been put to rest, with the higher yielding currency trading relatively unchanged on Monday following some whipsaw price action early on.

Overall, the technical outlook continues to favour additional US Dollar exchange rate strength against most of the major currencies, while we would also not rule out the possibility for a sizable USD correction against the Yen and Swiss Franc over the coming days. With respect to Usd/Jpy, we see risks for one more move to the downside before the onset of a major capitulation.

Looking ahead, German GDP (2.2% expected) is due at 6:00GMT, followed by UK BBA loans for house purchases at 8:30GMT. Eurozone industrial new orders (1.5% expected) cap things off for European trade at 9:00GMT

For the full story please visit www.dailyfx.com

 

Bye for Now

 

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