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 forecasted to weaken, but depreciation is unlikely to be agressive

The pound to Australian dollar exchange rate is 0.32 pct higher on Friday night's close at 1.5409.

The Australian dollar to US dollar exchange rate is 0.06 pct lower at 1.0421.

Hamish Pepper at Barclays is forecasting weakness for the Australian currency this week courtesy of an expected interest rate cut at the Reserve Bank of Australia, but demand should keep a floor under the AUD:


"With interest rate markets pricing 18bp of cuts and analysts split between no change and a cut, the 25bp RBA rate cut that we expect this week is likely to narrow Australia-US interest rate differentials and place downward pressure on AUD/USD.

"That said, we do not expect aggressive depreciation in the AUD, with continued real-money demand for high-quality and relatively high-yielding AUD assets providing some support. These factors point to AUD/USD trading in a relatively tight range with a downward bias."

Behind the immediate AUD losses we see "weak Australian retail sales data last night reminded the Reserve Bank of Australia of the merits of another interest rate cut, ahead of its decision in the early hours of tomorrow morning. Aussie jobs data was also weak," says Richard Driver at Caxton FX.

Concerning the RBA's likely actions Driver says: "It is a close call again this month but we think the RBA will elect to reduce its 3.25% interest rate by 0.25%, which should help sterling to acquire some further gains."


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