ZAR Weaker, USD Supported Before Inflation Data, AUD Higher

Published: 18 Mar at 11 AM Tags: Euro, Dollar, Pound Sterling, America, UK, Eurozone, Australian Dollar, New Zealand Dollar, Canadian Dollar, Australia, New Zealand, USA, Canada, Germany, Japan, Russia, South Africa,

Pound Sterling
GBP/USD – Trading in the Region of 1.6605
As another quiet UK news day began the Pound was little changed against the US Dollar and remained below the key 1.20 level against the Euro. Over the course of European trading any Sterling movement is likely to be the result of global developments.

US Dollar
USD/GBP – Trading in the Region of 0.6021
Today’s US inflation report could trigger ‘Greenback’ fluctuations. Investors will also be focusing on US building permit and housing starts figures. As it stands, the US Dollar is slightly softer against several of its riskier rivals.

Euro
EUR/USD – Trading in the Region of 1.3908
Before the release of ZEW economic sentiment surveys for Germany and the Eurozone the Euro was performing well against its British and US counterparts. The common currency was little affected by Germany’s wholesale price index.

Australian Dollar
AUD/USD – Trading in the Region of 0.9075
In the aftermath of the publication of minutes from the Reserve Bank of Australia’s latest policy meeting the ‘Aussie’ advanced on its peers. As the minutes didn’t stress the need for a considerably weaker domestic currency the Australian Dollar was boosted during local trading.

New Zealand Dollar
NZD/USD – Trading in the Region of 0.8563
The New Zealand Dollar softened against a broadly stronger ‘Aussie’ overnight but was trading in a comparatively narrow range against peers like the US Dollar ahead of tomorrow’s growth report for New Zealand.

Canadian Dollar
CAD/USD – Trading in the Region of 0.9050
As the week began the Canadian Dollar was able to post modest gains thanks to a rebound in domestic existing home sales. Today’s Canadian manufacturing shipments report could have an impact on the ‘Loonie’ in the hours ahead.

Japanese Yen
USD/JPY – Trading in the Region of 101.3700
After Russia’s President supported Crimea’s joining the nation, a bout of risk aversion saw the Yen advance on its peers.

South African Rand
USD/ZAR – Trading in the Region of 10.7580
The Rand began the local session in a weaker position against the ‘Greenback’. As investors are focusing on Wednesday’s South African inflation and retail sales figures, Rand movement may be limited today.
As of Tuesday, 18th March 2014, the Pound Sterling currency rates mentioned within this news item were as follows:

GBP EUR exchange rate was 1.1914, GBP USD exchange rate was 1.6596, GBP AUD exchange rate was 1.8177, GBP NZD exchange rate was 1.9248, GBP CAD exchange rate was 1.8469, GBP JPY exchange rate was 168.3815, GBP RUB exchange rate was 60.2354, and GBP ZAR exchange rate was 17.8231.

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