Call Free Phone Now:0808 163 0102
Outside the UK: +(44) 207 898 0541 Request a Call Back
 
  Daily Currency News Euro US Dollar Educational Articles  
 
Posted May 26th, 2015 by Charles Purdy

Poor sterling performance is good for the Yen and AUD

The Japanese yen and Australian dollar both rose against the pound on Friday – along with most other currencies, thanks to a poor performance from the British currency.

Looking to this week ahead, we see very little data of importance for both these currencies until mid-week. Japan’s monetary policy meeting minutes are released on Wednesday, and of course they will be part of this week’s G7 meetings from Wednesday.

For the Australian dollar, a big shift in the markets is expected with the release of their private Capital Expenditure Data – they will be hoping for better results than last quarter, when reports fell way below forecasts

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Comments are closed.

Posted May 15th, 2015 by Charles Purdy

Strong New Zealand retail sales

The New Zealand dollar had a good day on Thursday, thanks to strong retail sales figures which gave the economy a boost. Statistics New Zealand reported figures 2.7% higher than the previous quarter’s figures, exceeding the expectations for a rise of 1.5%, and a higher increase quarter-on-quarter.

The southern hemisphere’s other major currency, the Australian dollar, also had a great day Thursday – particularly against the US dollar. By taking advantage of weaker than expected US retail sales figures, the Australian dollar rose to 3 month highs against its US counterpart.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted May 12th, 2015 by Charles Purdy

New Zealand starts the week poorly

  • Monday proved a weak start to the week for southern hemisphere currencies as the New Zealand dollar tumbled over 1%, reaching new two-month lows against the stronger US dollar. This was not due to specific weaknesses from New Zealand, but because support remains high for the American currency after Friday’s jobs reports showed a drop in unemployment and that 223,000 jobs were added.
  • The Australian dollar also suffered at the hands of the strong US currency. Despite data showing that Australian business confidence remained unchanged in April, the Australian currency still receded almost half a percent.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted May 7th, 2015 by Charles Purdy

Disappointing Australian retail sales

The Australian dollar rose against its US counterpart on Wednesday, despite the release of weaker than expected retail sales figures; this was 0.3% in March, but experts had expected a gain of 0.4%, after a much higher gain the previous month.

The Canadian dollar also made some mid-week gains, capitalizing on the poor data realised from the US; this meant the USD/CAD rate hit 1.989 on Wednesday.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted May 5th, 2015 by Charles Purdy

Key flow of Chinese data, how will their Government react?

  • The Japanese yen struggled at the end of last week after a number of pieces of poor data. The overall consensus was that the Japanese economy is struggling to maintain the central bank’s ambitious target of sustaining 2% inflation. The key pieces of data showed that core consumer prices rose 2.2% year on year in March, while the jobless rate tickled down to 3.4%.
  • Chinese data will be continuous this week and should give us a much better understanding of how this key world economy is performing. Any slowdown is expected to be supported by positive action by the Chinese Government which will help them and the rest of the world to keep moving forward.
  • There was more positive news from Australia, where producer prices rose 0.5% quarter-on-quarter, coming out above expectations.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted April 30th, 2015 by Charles Purdy

Mixed reports from New Zealand

The New Zealand dollar had a mid-week stumble on Wednesday, when it fell lower against the US dollar. Statistics New Zealand reported that the country’s trade surplus had widened to NZ$631 million in March, compared to the NZ$50 February figure. On top of this, a separate report showed that the ANZ business confidence index fell away this month.

News was not so rosy for the US dollar against its closer neighbour, with the Canadian currency reaching new three month highs. Markets were eyeing the upcoming Federal Reserve policy statement, as experts are eager to see the reaction following news that the US economy grew less than expected last quarter.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted April 28th, 2015 by Charles Purdy

Eyes on Australian central bank meeting

  • Investors looked ahead to the more exciting end of the week after a fairly dry day of data on Monday. However, the Australian dollar still maintained its month-long highs against the US dollar as the expectation weighs heavily on central bank Governor Glenn Steven’s scheduled speech today.
  • Australian is not the only country with key central bank meetings this week as the Central Banks of both Japan and New Zealand meetings will be in the spotlight. The outcome in Japan will be of particular interest, due to the slowness of the Japanese economy.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted April 23rd, 2015 by Charles Purdy

Strong Australian CPI report

Wednesday brought good news for the Australian dollar after the release of an optimistic CPI report. Figures released by the Australian Bureau of Statistics showed that consumer price rose 0.2% in the first quarter; this was in line with expectations due to a similar rise in the three months up until December. The Australian dollar, therefore, jumped almost 1% against the US dollar as the American currency experienced a weak day, due to heightened uncertainty over the timings of a US rate hike.

The New Zealand dollar was also able to capitalize on the weakness in the US dollar. However, the New Zealand currency remained low against its neighbour, thanks to the Australian currency’s boost.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted April 14th, 2015 by Charles Purdy

Disappointing Chinese trade sees Australian dollar drop

  • The Australian dollar fell over 1% against the US dollar after what was a very poor Monday for the southern hemisphere heavyweight. Data showed that China’s trade surplus narrowed to $3.08 billion in March from $60.60 billion the previous month. Exports fell by 15% when they had been expected to grow by 9% and imports fell by 12.7%. Experts had predicted the trade surplus to shrink to $45.35 billion last month. Shows by how much experts can get it wrong and this has had a heavy impact on the Australian dollar, as China is Australia’s biggest export partner.
  • It was a more positive start to the week for the Japanese economy as a release showed that core machinery orders jumped 5.3% year-on-year in February – well above the expectations for a 3.7% rise.

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

Posted April 7th, 2015 by Charles Purdy

Polish Zloty Slides

  • The zloty weakened after the central bank governor criticised a regulator’s proposal to allow holders of Swiss franc-denominated mortgages convert their debt into local currency at historical exchange rates, arguing that it would be ‘fatal’ for lenders.
  • Asian currencies are rallying on expectations that the US Federal Reserve may delay the interest rate increase as payroll data from the US shows concerns about the growth of the economy.
  • Australia surprised the markets by holding their interest rate at 2.25%. Given some disappointing economic data there was an expectation that the rate would be cut. Perhaps next time!

Are you looking to buy or sell currencies? Contact your trader now for live rates, news and currency purchasing strategies.

© Copyright 2010 Smart Currency Exchange. All Rights Reserved.
Site by Iniquus