Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

The GBP v AUD exchange rate was edging higher in Monday trading as a light economic calendar left traders to continue the recent trend of pound strength after data releases in the U.K. and Australia showed some weakness down under. The pound was trading as high as 1.9650 overnight but had slipped under the 1.9500 figure. Markets are on alert on Monday after stocks plunged over fears that the Coronavirus was spreading outside of China. Currency Markets Pause After Virus Fears Spook Stocks Global stock markets were...
Euro Strength Continues Versus the Australian Dollar After Mixed PMI Fortunes

Euro Strength Continues Versus the Australian Dollar After Mixed PMI Fortunes

The AUD to EUR exchange slipped again as the latest round of PMI data showed slower growth in the Australian economy. The EUR v AUD was trading higher by 0.53% on the day, just shy of the 1.6400 level. The Euro has now recovered most of the losses suffered in the last two weeks after the pair fell from 1.6600 to lows near 1.6100. Recent Data Adds Optimism to Eurozone Forecast Recent economic data from the Eurozone are giving traders hope that the trading bloc has...
Pound Rallies Against the Australian Dollar After PMI Data Release

Pound Rallies Against the Australian Dollar After PMI Data Release

The GBP v AUD exchange rate rallied another 0.65% after PMI data from both countries told a different story. The Australian manufacturing and services indices showed a contraction again as similar data from the UK showed a strengthening economy. The data led to further gains in the British pound and saw the pair trading at 1.9600 on Friday afternoon. PMI Data Release Shows UK Strength and Aussie Weakness Australia saw the release of the CBA PMI index for the manufacturing and services sectors of the economy....
Australian Dollar falls against Euro After Unemployment Ticks Higher

Australian Dollar falls against Euro After Unemployment Ticks Higher

The AUD v EUR exchange rate managed to get the rally it was pushing for in recent sessions as the market traded through the 1.9200 level and rallied 0.8% to trade above 1.9300. Economic releases from the Eurozone mixed with a small tick higher in Australian unemployment was enough to see the euro currency continue its climb off of the recent lows near 1.6050. Unemployment Numbers Not Ideal for the RBA The Bank of Australia (RBA) has been vocal lately in stating that further economic stimulus would...
Pound Trading Higher but Markets on Alert as Fears of a Virus Pandemic Grows

Australian Dollar down against the Pound as Unemployment Edges Higher Down Under

In a reversal of December’s trend, Australian unemployment edged higher to 5.3% in January, whilst employment showed a small rise. The release helped the GBP v AUD exchange rate to tick higher on the day to a high just shy of 1.9500. The market has since pulled back slightly to trade 0.35% higher around the 1.9450 level. Employment Trend Goes Against RBA Desires The Reserve Bank of Australia has been vocal in recent weeks that it would only consider additional stimulus measures if the economy worsened and...
UK Inflation Jumps to a Six-Month High but Fails to Push the Pound Higher against the Australian Dollar

UK Inflation Jumps to a Six-Month High but Fails to Push the Pound Higher...

Inflation figures from the UK in January rose at the fastest pace in six months, according to the latest release from the Office for National Statistics (ONS). Despite reaching a high around 1.9450, the GBP v AUD exchange rate slipped on the day to settle near 1.9400. Consumer Prices Give Central Bankers a Boost The ONS inflation figures for January were expected to show a rise in consumer prices from last month’s 1.3%, to 1.6%. The actual number was 1.8% and will come as a welcome...
A Quiet Day for the Euro Against the Australian Dollar as Traders Await Employment Numbers

A Quiet Day for the Euro Against the Australian Dollar as Traders Await Employment...

The EUR v AUD exchange rate was trading 0.15% higher on the day as the market continues its efforts to bounce from a recent slump. The EUR v AUD was pressing the 1.6160 level in afternoon trading as markets await another key job market release from the Aussie economy tomorrow. Will Employment Numbers Change the EUR to AUD Forecast? The latest update on Australian employment is important for markets as the Reserve Bank of Australia (RBA) has been vocal lately in stating that further economic stimulus...
Pound Rallies Against the Australian Dollar After Strong Employment Numbers

Pound Rallies Against the Australian Dollar After Strong Employment Numbers

The British pound rallied through the 1.9500 figure yesterday after strong employment numbers from the UK gave the economy another post-Brexit boost. UK Employment at a Record High The 180,000 gain in employment was stronger than the 170,000 estimate and the unemployment rate stayed at the forecast 3.8% level. The surge in jobs resulted in the highest figure on record and saw a strong rise in women in full-time work. One downside to the release was a continued stall in wage growth, slowing from 3.2% in December...
Euro Edges Higher Versus the Australian Dollar but Coronavirus Spread is a Headwind for Gains

Euro Edges Higher Against the Aussie but the Downtrend May Continue

The EUR v AUD exchange rate yesterday was trading 0.11% higher. The market had rallied as high as 1.6230 but failed to hang on to the gains. The pair bounced off the high from Thursday and a failure to get above that level could see the recent downtrend continue for the euro. Eurozone ZEW Sentiment Survey Disappoints The Eurozone’s ZEW Economic Sentiment Survey slipped again in February after two months of gains. December saw a figure of 11, with January improving to 25.6, so traders were...
Australian Dollar falls against Euro After Unemployment Ticks Higher

Euro Versus Australian Dollar Exchange Rate Pauses After Recent Losses

The EUR v AUD exchange rate was trading flat around the 1.6130 level on Monday as traders paused to consider the outlook for the exchange rate. Despite rallying to trade at the 1.6600 level just over a week ago, Australian dollar strength resumed with a 2.8% gain in the Aussie dollar. The market now awaits two potentially market-moving events tomorrow. Markets Await RBA Minutes and ZEW Report on Tuesday The euro and Australian dollar exchange rate saw lower volatility on Monday as traders await the minutes...