£ GBP/EUR – Pound Sterling
The Pound leapt to a nine-month against the US Dollar early in Tuesday’s session after the US federal government closed as a result of a stalemate in Congress. As the day progressed Sterling eased to an eight-month high after manufacturing PMI data for the country fell more than expected. That data however was offset by jobs data which achieved a 28-month high. Against the Euro the Pound was slightly higher as ongoing concerns over the political situation in Italy and the continuingly high unemployment rate across the Eurozone weighed on the currency.
The Pound Sterling/Euro Exchange Rate is currently in the region of: 1.1968
€ EUR – Euro
The Euro edged higher against the US Dollar during the day as market worries regarding the closure of the US federal government. The gains were reversed as the day progressed as worries over a possible breakdown of the Italian government damaged risk sentiment and as unemployment unexpectedly rose in France and Italy.
The Euro/US Dollar Exchange Rate is currently in the region of: 1.3565
The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8355
$USD/EUR – US Dollar
The ‘Greenback’ was broadly weaker against its peers throughout the day as demand for the currency was battered by the partial closure of the Federal government. The currency managed to firm slightly later in the session following the release of mixed manufacturing PMI data. The Institute for Supply Managements Manufacturing Index increased to 56.2 in September beating economist forecasts for a fall to 55 whereas Markit’s PMI came in worse than forecast.
The US Dollar/Euro Exchange Rate is currently in the region of: 0.7371
$AUD/EUR – Australian Dollar
The ‘Aussie’ made gains against all of its most traded peers after the Reserve Bank of Australia voted to refrain from cutting interest rates. Also supporting the currency was the release of data showing that retail sales in the country increased by 0.4% in August beating the 0.3% predicted by economists.
The Australian Dollar/Euro Exchange Rate is currently in the region of: 0.6943
$NZD/EUR – New Zealand Dollar
The ‘Kiwi’ jumped higher against the US Dollar as the US currency broadly weakened following the partial shutdown of the Federal government. Investors favoured the New Zealand currency after recent data releases showed that the nation’s economy is gaining in strength.
The New Zealand Dollar /Euro Exchange Rate is currently in the region of: 0.6129
$CAD/EUR – Canadian Dollar
The Canadian Dollar fell against most of its peers after the US government embarked its first partial shutdown in 17 years. Concerns are growing that as Congress couldn’t agree to a new budget for the fiscal year then it won’t be able to agree on raising the debt ceiling.
The Canadian Dollar /Euro Exchange Rate is currently in the region of: 0.7156