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Latest Currency News Continued - page 2

Welcome to Currency News. Our aim is simple: deliver expert financial comment and analysis on the world currency markets and exchange rates. The latest currency news, exchange rate forecasts, currency predictions and forex data at your fingertips. International payments? Maximise your foreign currency transfers today.

Latest Currency News Headlines

Japanese Yen Rate Today: Weak GDP Data from Japan Adds to the Concerns for the Global Economy

17 Feb 2020 at 2 PM - Written by David Woodsmith

Q4 data has been patchy, with Germany and China especially concerning. Japanese data released Monday shows GDP growth at -1.6% QoQ. Recession is probable and ING call 2020 GDP growth at -1.1%. What is especially worrying is that the data does not yet reflect the impact of the coronavirus and the effects could be significant. Looking ahead there is the potential for much more economic upset and the Olympic Games in Japan...

CATEGORIES: Japanese Yen Forecasts

Uncertain Economic Impact of Covid-19 Leaves Pound New Zealand Dollar (GBP/NZD) Exchange Rate Flat

14 Feb 2020 at 5 PM - Written by John Cameron

Pound Sterling New Zealand Dollar (GBP/NZD) Exchange Rate Muted as Markets Shrug Off RBNZ Decision The Pound Sterling New Zealand Dollar (GBP/NZD) exchange rate remained flat on Friday, and traded around NZ$2.0233. The New Zealand Dollar weakened at the end of the week on continued Covid-19 fears. The latest figures from China revealed the number of cases increased by 4,823, after Thursday’s jump of nearly 15,000 new...

CATEGORIES: Pound New Zealand Dollar Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Sinks as Rising Oil Prices Boost ‘Loonie’

14 Feb 2020 at 3 PM - Written by John Cameron

GBP/CAD Exchange Rate Eases as Market Risk Appetite Returns for Canadian Dollar The Pound Canadian Dollar (GBP/CAD) exchange rate fell by -0.4% today, with the pairing currently trading around CA$1.723 in spite of the International Energy Agency’s (IEA) warning that the coronavirus could see oil demand fall. The oil-sensitive Canadian Dollar (CAD) rose instead as it was announced that China’s coronavirus outbreak would be...

CATEGORIES: Canadian Dollar Forecasts Pound Canadian Dollar Forecasts

Pound Australian Dollar Exchange Rate Rises as Australia’s Consumer Inflation Expectations Fall

13 Feb 2020 at 4 PM - Written by John Cameron

GBP/AUD Exchange Rate Edges Higher as Coronavirus Dampens Market Risk Appetite The Pound Australian Dollar (GBP/AUD) exchange rate rose by 0.3% today, with the pairing currently trading around AU$1.937 after Australia’s consumer inflation expectations report for February fell below forecasts from 4.7% to 4%. The Australian Dollar’s (AUD) weakness has also been compounded by a spike in China’s coronavirus epidemic which...

CATEGORIES: Australian Dollar Forecasts Pound Australian Dollar Forecasts

Pound Euro (GBP/EUR) Exchange Rate Bounces Back Thanks to Eurozone Industrial Production Slump

12 Feb 2020 at 4 PM - Written by Frank Davies

Weaker-than-expected Eurozone industrial production figures encouraged the Pound Sterling to Euro (GBP/EUR) exchange rate to push higher on Wednesday. While forecasts had pointed towards a fresh deterioration in production, following the falls seen in Germany and Italy, the extent of the decline caught investors off guard. As output plunged -2.1% on the month in December this offered further evidence of the negative impact...

CATEGORIES: Pound Euro Forecasts

Pound South African Rand (GBP/ZAR) Exchange Rate Rises despite Lowest Number of New Covid-19 Cases

12 Feb 2020 at 1 PM - Written by John Cameron

Pound Sterling South African Rand (GBP/ZAR) Exchange Rate Edges Higher on Weak ZA Data The Pound Sterling South African Rand (GBP/ZAR) exchange rate edged higher this morning. This left the pairing trading at around R19.2088. The Rand struggled against Sterling, despite the upswing in risk appetite after China reported the lowest number of new Covid-19 cases in a day. This raised hopes, lending more weight to predictions...

CATEGORIES: Pound Rand Forecasts

Pound Australian Dollar (GBP/AUD) Exchange Rate Slides as Aussie Business Confidence Lifts from Six-Year Low

11 Feb 2020 at 5 PM - Written by John Cameron

Pound Sterling Australian Dollar (GBP/AUD) Exchange Rate Falls as Risk Appetite Rises The Pound Sterling Australian Dollar (GBP/AUD) exchange rate slipped, leaving the pairing trading at around AU$1.9268. The ‘Aussie’ was boosted today after data revealed that Australian business confidence rose, lifting it from the lowest level since mid-2013. Meanwhile, an increase in risk appetite also boosted the risk-sensitive...

CATEGORIES: Pound Australian Dollar Forecasts

Euro US Dollar (EUR/USD) Exchange Rate Steady, US Markets Brace for Fed Chair Jerome Powell Speech

11 Feb 2020 at 2 PM - Written by John Cameron

EUR/USD Exchange Rate Rangebound, US Business Optimism Improves The Euro US Dollar (EUR/USD) exchange rate held steady today, with the pairing currently trading around $1.092 after the NFIB Research Foundation’s US business optimism index for January beat expectations and edged higher from 102.7 to 104.3. US Dollar (USD) investors are also remaining cautious ahead of testimony before the US Committee on Financial Services...

CATEGORIES: American Dollar Forecasts Euro Forecasts

Pound Canadian Dollar (GBP/CAD) Exchange Rate Rises as Coronavirus Throttles Oil Demand

10 Feb 2020 at 5 PM - Written by John Cameron

Pound Sterling Canadian Dollar (GBP/CAD) Exchange Rate Edges Higher as Oil Prices Fall The Pound Sterling Canadian Dollar (GBP/CAD) exchange rate edged higher this afternoon, leaving the pairing trading at around CA$1.7209. The oil-sensitive ‘Loonie’ slumped after oil prices slipped at the start of the week as Chinese demand weakened amidst the Wuhan coronavirus outbreak. Since a peak in January, oil slumped more...

CATEGORIES: Pound Canadian Dollar Forecasts

Spread of Coronavirus Slows, Sending Pound Japanese Yen (GBP/JPY) Exchange Rate Higher

10 Feb 2020 at 1 PM - Written by John Cameron

Pound Sterling Japanese Yen (GBP/JPY) Exchange Rate Edges Higher as Nissan Temporarily Stops Production The Pound Sterling Japanese Yen (GBP/JPY) exchange rate rose by around 0.3%, leaving the pairing trading at around ¥141.93920. The safe-haven Japanese Yen fell on Monday after traders remained increasingly upbeat and headed towards riskier assets. Reports suggested that the spread of the Wuhan coronavirus could be...

CATEGORIES: Pound Yen Forecasts