£ GBP/EUR – Pound Sterling
The Pound spent much of the session little changed against the Euro but edged slightly higher following the release of positive retail sales index data. According to the CBI gauge, retail sales in the UK jumped to their highest levels in a year.
The Pound Sterling/Euro Exchange Rate is currently in the region of: 1.1861
€ EUR – Euro
The Euro managed to make gains against the US Dollar and spent much of the session close to making gains against Sterling after consumer confidence data out of Italy and Germany bolstered confidence that the Eurozone recovery is on track.
The Euro/US Dollar Exchange Rate is currently in the region of: 1.3489
The Euro/Pound Sterling Exchange Rate is currently in the region of: 0.8430
$USD/EUR – US Dollar
The ‘Greenback’ spent much of the session weaker against the Euro following the release of disappointing data. Concerns over when the Federal Reserve may begin to taper its monetary easing programme continue to weigh upon the currency.
The US Dollar/Euro Exchange Rate is currently in the region of: 0.7413
$AUD/EUR – Australian Dollar
The ‘Aussie’ has weakened again as fresh uncertainty over whether the US Federal Reserve will choose to taper its monetary easing policy in October. Demand for safe havens increased as the markets grow jittery over the future direction of the USA’s monetary policy.
The Australian Dollar/Euro Exchange Rate is currently in the region of: 0.6925
$NZD/EUR – New Zealand Dollar
The ‘Kiwi’ declined against the majority of its peers including the Euro after data showed that the nation’s trade deficit widened unexpectedly and as its biggest exporting company revealed that its earnings had shrunk. The trade deficit widened to NZ$1.2 billion in August, the biggest shortfall in five years.
The New Zealand Dollar /Euro Exchange Rate is currently in the region of: 0.6100
$CAD/EUR – Canadian Dollar
The ‘Loonie’ fell against the US Dollar and softened against the Euro as worries over a possible shutdown of the USA’s federal government generated demand for safe haven currencies. Budget talks in the USA are at an impasse which has spooked investors.
The Canadian Dollar /Euro Exchange Rate is currently in the region of: 0.7187
