From Our Foreign Exchange Blog

Latest:

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

Australian dollar under pressure as rate cut looms next week, 25bp predicted

Even fellow currency market under-performer, the British pound, is able to advance against the Aussie, GBP/AUD is at 1.5329.

The Australian dollar to US dollar exchange rate is 0.1 pct lower at 1.0425.

The Australian dollar to euro is 0.27 pct in the red at 0.8019.

Consensus that we are to witness an interest rate cut next week continues to grow. Barclays:


"We are more confident in our call that the Reserve Bank will cut by 25bp to 3% at the 4 December board meeting. While the bank paused in November given a slight improvement in world economic news and higher underlying inflation, it has emphasised that it has a strong easing bias.

"With wages on the low side in Q3 and the investment outlook for 2012-13 materially weaker, we are now more confident that the bank will cut next Tuesday (the market odds of a 25bp cut have also increased from about 60% to 70%)."

UBS:

"The Australian dollar came under moderate selling pressure after Australia’s Q3 capex report was published overnight. Spending during the quarter beat consensus estimates but miners sharply downgraded their spending plans for the current financial year.

"The report cements the view of our Australian economics team that the RBA is likely to cut another 25 bp off the cash rate on Tuesday, and they now acknowledge a risk that a further cut may even be needed later. Currently only 18 bp worth of easing is priced into the rates market for this meeting, suggesting there is scope for some AUDUSD downside next week."   

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