Yesterday’s high: NZ$1.7587 Yesterday’s low: NZ$1.7482 Profit Taking Weakens New Zealand Dollar Demand for the New Zealand Dollar fell at the start of the week amid worries that the current strength of the ‘Kiwi’ could limit the odds of the Reserve Bank of New Zealand (RBNZ) raising interest rates in the near future. The GBP/NZD…(read more)

Yesterday’s high: AU$1.6476 Yesterday’s low: AU$1.6347 Pound Responds to IMF Report Yesterday saw the Pound trade close to its lowest rate against the Australian Dollar since late March. The GBP/AUD exchange rate gave up some of last week’s gains after the International Monetary Fund (IMF) downgraded its growth forecast for the UK for 2017. On…(read more)

Yesterday’s high: $1.3050 Yesterday’s low: $1.2972 GBP/USD Recovers Ground Political developments continued to limit the appeal of the US Dollar on Monday, with markets increasingly sceptical of the Trump administration’s ability to deliver on its pledged reforms. A sharp contraction in existing home sales added to the bearish mood of USD exchange rates, even though…(read more)

Yesterday’s high: C$1.6366 Yesterday’s low: C$1.6270 Canadian Dollar Strong Despite Oil Uncertainty The Pound to Canadian Dollar exchange rate was unable to sustain a recovery on Monday, instead trending near its worst levels since February 2017 as the ‘Loonie’ held its ground against a weak Pound. This was despite uncertainty about the oil price outlook,…(read more)

Yesterday’s high: €1.1208 Yesterday’s low: €1.1128 Pound Edges Away from 8-Month Low After closing out last week trading within touching distance of multi-month lows, the GBP/EUR exchange rate recovered around 0.5% on Monday. The Euro came under a little pressure after Markit manufacturing and services PMIs for the Eurozone and its largest economies came in…(read more)

Last week’s high: NZ$1.7953 Last week’s low: NZ$1.7401 GBP/NZD Up 0.5% At the tail end of last week the GBP/NZD exchange rate drifted to a three-week low. While the move was largely driven by weakness in the Pound, the New Zealand Dollar was also able to achieve a 10-month high against the downtrodden US Dollar….(read more)

Last week’s high: AU$1.6763 Last week’s low: AU$1.6275 GBP/AUD Holds Gains Last week’s cautionary comments from Reserve Bank of Australia (RBA) Deputy Governor Guy Debelle allowed the Pound to recover from a 3 ½ month low against the Australian Dollar. The ‘Aussie’ also lost ground against several of the other majors as Debelle dashed rate…(read more)

Last week’s high: $1.3119 Last week’s low: $1.2942 US Dollar Fluctuates, GBP/USD Flirts with $1.30 Last week’s broad-based Pound losses saw GBP/USD drift below $1.30. However, the Pound’s losses against the US Dollar were limited as the North American currency came under pressure of its own. Bets that President Donald Trump will struggle to implement…(read more)

Last week’s high: C$1.6606 Last week’s low: C$1.6254 GBP/CAD Hits 5-Month Low The Canadian Dollar romped higher at the close of last week, with GBP/CAD falling to a five-month low, following the release of upbeat domestic data. Canadian retail sales stats revealed a 0.6% increase in consumer spending in May, beating expectations for a reading…(read more)

Last week’s high: €1.1434 Last week’s low: €1.1121 GBP/EUR Close to 8-Month Low The Euro stormed higher last week, marching its way to an eight-month high against the Pound and achieving its highest levels against the US Dollar since the summer of 2015. The European Central Bank’s (ECB) interest rate decision was the main reason…(read more)