Exchange Rate News for Major currency pairs, USD/EUR, JPY/USD etc

Published: 17 May at 10 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Japan, South Africa,

Pound Sterling

GBP/USD – 1.524

The Pound has weakened against the US Dollar due to increasing speculation that the US Federal Reserve is coming closer to deciding to end its monetary stimulus program. Sterling approached its lowest level in six-weeks as the speculation boosted the US currency.

US Dollar

USD/EUR- 0.776

The ‘Greenback’ has risen to a six-week high against the Euro as economists expect the Federal Reserve’s policy makers to announce that they will be altering the pace of their monthly bond purchases .

Euro

EUR/USD- 1.287

The Euro weakened against the US Dollar due to a combination of continuing weak data out of the Eurozone and rising speculation that the US Federal Reserve could announce that it would slowing the rate of its bond purchases

Australian Dollar

AUD/USD- 0.974

The ‘Aussie’ has fallen to an 11-month low against its US relation as traders warmed to the idea that the US Federal Reserve is considering the steady removal of its economic stimulus program. The shift in sentiment about QE comes as concerns grow that the Australian economy is set to slow as mining investment cools.

New Zealand Dollar

NZD/AUD- 0.833

The ‘Kiwi’ tumbled to its lowest level in a year against the US Dollar due to the expectation that the US Federal Reserve will announce a slowdown to its bond-buying programme. The currency could make a recovery over the course of the session as yesterdays poor US jobs data weighs on the ‘Greenback’.

Canadian Dollar

CAD/USD- 0.977

The ‘Loonie’ came close to a three-week low against its US relation. A slight rise in the price of crude oil could see the currency reverse some of its losses over the course of the trading session.

Japanese Yen

JPY/USD- 0.009

The Yen continues to fall against the majority of its peers but it could see some strengthening as good news was released out of the Asian nation. Japanese Exports have soared and its economy has grown giving Prime Minister Shinzo Abe a boost as it seems its drastic economic measures are beginning to drag Japan out of stagnation and put it in a prime position for surging growth.

South African Rand

ZAR/USD-0.106

The Rand has hit a four-year low due to ongoing concerns of further labour unrest in the platinum mining sector. A repeat of last year’s strikes and violence has the potential of inflicting heavy damage to the South African economy.
As of Friday, 17th May 2013, the Pound Sterling currency rates mentioned within this news item were as follows:
GBP EUR exchange rate was 1.1844, GBP USD exchange rate was 1.5240, GBP AUD exchange rate was 1.5655, GBP NZD exchange rate was 1.8826, GBP CAD exchange rate was 1.5604

As of Friday, 17th May 2013, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1816, GBP USD exchange rate was 1.5171, GBP AUD exchange rate was 1.5595, GBP NZD exchange rate was 1.8815, GBP CAD exchange rate was 1.5596, GBP JPY exchange rate was 156.5833, and GBP ZAR exchange rate was 14.2727.

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