Euro Exchange Rate News

Euro Exchange Rate Daily Round-up: 3/10/13

£ GBP/EUR – Pound Sterling

The Pound began the session making gains but by the afternoon the currency went into retreat against all of its most traded peers. House price data released by Halifax came in lower than forecast triggering the losses. Against the Euro, Sterling retreated after Eurozone retail sales data came in stronger than expected suggesting that the Eurozone recovery is on track. The currency fell against the Dollar as investors chose to sell it to make a profit following its rise to a nine-month high.

The Pound Sterling/Euro Exchange Rate is currently in the region of: 1.1867

€ EUR – Euro

The Euro advanced to an eight-month high against the US Dollar due to the release of better-than-expected Eurozone PMI and retail sales data. The single currency also found support from yesterday’s political victory for the Italian government and the ongoing weakness of the US Dollar.

The Euro/US Dollar Exchange Rate is currently in the region of: 1.3611

The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8424

$USD/EUR – US Dollar

The ‘Greenback’ spent another session down against the Euro but remained close to multi-month low against the Pound. The Dollar fell as the latest ISM non-manufacturing PMI data came in below forecasts and as the ongoing governmental shutdown weighed on Dollar demand.

The US Dollar/Euro Exchange Rate is currently in the region of: 0.7353

$AUD/EUR – Australian Dollar

The ‘Aussie’ rallied against most of its peers due to the release of better-than-expected PMI data out of China. The world’s second largest economy and Australia’s biggest trading partner reported that its services sector made its best performance since March. The ongoing pressure on the US Dollar also benefitted the Australian currency.

The Australian Dollar/Euro Exchange Rate is currently in the region of: 0.6901

$NZD/EUR – New Zealand Dollar

The ‘Kiwi’ rose against its peers in early trading after Reserve Bank of New Zealand Governor Graeme Wheeler said that he would raise interest rates more aggressively if mortgage lending limits don’t curb house-price inflation. The comments eased investor concerns over the nation’s growing housing bubble.

The New Zealand Dollar /Euro Exchange Rate is currently in the region of: 0.6110

$CAD/EUR – Canadian Dollar

The Canadian Dollar was little moved against its US relation and traded within its narrowest range for since April as concerns grow that the US government shutdown will impact growth in Canada’s biggest trading partner.

The Canadian Dollar /Euro Exchange Rate is currently in the region of: 0.7117

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