From Our Foreign Exchange Blog

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POUND STERLING / AUSTRALIAN DOLLAR EXCHANGE RATE: (GBP-AUD) CONTINUES TO BE SOLD-OFF

POUND / US DOLLAR EXCHANGE RATE: GBP-USD STARTS TO EDGE HIGHER, IS MARCH SLUMP OVER?

POUND EURO EXCHANGE RATE: GPB-EUR MOVES ABOVE 1.2 AGAIN

POUND RATE TODAY (GBP): BRITISH POUND EXCHANGE RATE COMPLEX FINDS A LITTLE LOVE

DOLLAR RATE TODAY: USD EXCHANGE RATES COME UNDER EARLY PRESSURE ON WEDNESDAY

EURO RATES TODAY: EURO EXCHANGE RATE COMPLEX REMAINS UNDER SELLING PRESSURE

Monday:

EXCHANGE RATES TODAY: BRITISH POUND (GBP) IN INFLATION DATA BOOST, UP VS USD, EUR

POUND STERLING (GBP) VS AUS DOLLAR EXCHANGE RATE IN FRESH LOSSES ON TUESDAY

EURO EXCHANGE RATE TODAY: EUR UP VS GBP BUT DOWN VS USD AND AUD AS GERMAN IFO DISAPPOINTS

CANADIAN DOLLAR / POUND STERLING EXCHANGE RATE: CAD REMAINS RESILIENT TO GBP ADVANCES

POUND TO EURO SLUMPS TOWARDS 1.19, GERMAN IFO DATA + POSITIVE DATA SURPRISE FROM FRANCE HELPS

Friday:

Euro forecast for next week: EUR-USD to find support and trade in resilient fashion

US dollar forecast for next week, Downside bias may emerge for EUR-USD

Pound exchange rate forecast next week: British Pound in oversold territory

Canadian Dollar Rallies, Recovers from a Four and a Half-Year Low Against the US Dollar

Why is the Australian dollar so strong today? Pound to Aus Dollar Sinks on Friday

The Pound to Euro Exchange Rate is Lower on Friday: Why?

Pound to Dollar exchange rate: GBP-USD should remain under pressure as traders favour the greenback

Pound Sterling vs Canadian Dollar (GBP to CAD): Key Figures Due Out of Canada Today

Thursday:

Euro Pound Exchange Rate Slumps as Sterling Tracks US Dollar Higher

EURO EXCHANGE RATE TODAY: EUR/USD FALLS YET FURTHER AS MARKETS TURN SENSITIVE TO US DATA

CANADIAN DOLLAR TO USD TODAY: UNCERTAIN INVESTORS NOT YET READY TO SELL CAD

Forex: Pound Australian dollar exchange rate stable today, but AUD strength forecasted to persist

The pound to Australian dollar exchange rate is 0.05 pct in the red at 1.5333.

The Australian dollar to US dollar currency rate is 0.05 pct in the blue at 1.0396.

"This week’s positive Chinese growth data has really helped to lift market sentiment this week. Wider US data has also been very positive this week, which has helped to maintain support for riskier currencies, sparking hopes that the global economy is ready to bounce back," says Richard Driver at Caxton FX.


Sterling is trading below 1.5350 and Driver believes sterling is likely to remain under pressure as we head into the weekend. 

Australian dollar to be supported by high-yielding interest rates

UBS analysts have meanwhile forecasted that the Australian dollar will maintain its strength on the back of the 'carry trade' for a while yet.

The 'carry trade' sees investors buy high-yielding Australian dollars to take advantage of Australia's beneficial interest rates. Thus, the currency is bid higher.

UBS have said that absolute Australian yields remain high, and compared to a year ago, 12m forward expectations are actually over 40bp ‘better off’.

"As such so there is no reason to be negative and another factor in why the AUD is so hard to sell," says Geoffrey Yu at UBS.

"At some point investors will ask just how long this could last. Australia’s need (repeated often by the RBA) to see foreign exchange rates move more in line with the deterioration in terms of trade is well known. Ultimately though the adjustment will only happen when the flows dry up, of which the timing remains suspect," says Yu.

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