£ GBP/EUR – Pound Sterling
The Pound fell against the Euro in Thursday’s session as UK GDP figures disappointed the markets. The country’s economy grew by 1.3% on a year by year basis; economists had been calling for a rise of 1.5%. A fall in business investment also weighed upon Sterling.
The Pound Sterling/Euro Exchange Rate is currently in the region of: 1.1882
€EUR – Euro
The Euro fell against the US Dollar but was stronger against the Pound. The single currency experienced weakness after fears of a political crisis in Italy spooked the markets. News that lending to Eurozone businesses also piled on the pressure.
The Euro/US Dollar Exchange Rate is currently in the region of: 1.3496
The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8416
$USD/EUR – US Dollar
The ‘Greenback’ strengthened against the Euro after data showed that the number of people claiming jobless benefits fell more than expected. According to the report produced by the Washington based Labour Department, jobless claims fell by 5,000 to 305,000 beating expectations of an increase to 325,000. The monthly average fell to its lowest level since June 2007 suggesting that the US jobs sector is continuing to improve.
The US Dollar/Euro Exchange Rate is currently in the region of: 0.7409
$AUD/EUR – Australian Dollar
The ‘Aussie’ is trading higher against the US Dollar and recovered some of yesterday’s losses after the US currency came under pressure from weaker economic data and worries over US government budget negotiations. The currency found support in Asian trading after Japan revealed that it may cut corporation tax soon.
The Australian Dollar/Euro Exchange Rate is currently in the region of: 0.6943
$NZD/EUR – New Zealand Dollar
The ‘Kiwi’ is little changed due to investors continuing to deal with the gloomy sentiment hanging over the market. The unease is a result of the Federal Reserve’s decision not to slow asset purchases last week. Traders are in a holding pattern after the US Central Bank decided against tapering its $85 billion monthly bond-buying programme.
The New Zealand Dollar /Euro Exchange Rate is currently in the region of: 0.6136
$CAD/EUR – Canadian Dollar
The ‘Loonie’ fell to a weekly low against the US Dollar after the USA’s economic expansion improved in the second quarter of the year and as the number of US citizens claiming jobless benefits fell by a bigger than expected margin. Weighing heavily upon the currency was the fall in crude oil which slumped to a 12-week low.
The Canadian Dollar /Euro Exchange Rate is currently in the region of: 0.7184
