USD - BER News
United States Dollar – Daily Market Updates with latest USD exchange rates, charts and rate changes in the major USD cross currency pairs for the last day, week and quarter.
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United States Dollar starts the week up 0.18% against the Euro, up 0.17% against the Canadian Dollar, up 0.08% against the Australian Dollar, down -0.09% against the British Pound Sterling, up 0.43% against the Mexican Peso, down -0.45% against the Japanese Yen, even against the Indian Rupee and up 0.07% against the Philippine Peso.
GBP/USD 1 Week Chart
After a pretty arduous session for the Pound (GBP) last week the UK currency finally managed to find some respite on Friday following an EU summit to discuss the current state of Brexit negotiations.
While EU leaders stated that progress was still currently insufficient for the second stage of talks to begin, they suggested that the recent reports of a ‘deadlock’ may have been exaggerated and that trade talks could start in December if progress continues.
Shinzo Abe’s Liberal Democratic Party was the decisive winner in this weekend’s Japanese election, paving the way for a continuation of “Abenomics” and extremely loose monetary policy in the world’s third largest economy. Consequently, the Japanese yen weakened on Monday to levels above 114 per dollar for the first time since July.
The Canadian dollar weakened on Friday by the most in nine months against the US dollar after indicators of inflation and consumer activity in Canada fell below market expectations. The “loonie” fell as investors adjusted their portfolios to reflect a lower probability of the Bank of Canada raising interest rates at its October 25th meeting.
United States Dollar was friday up 0.18% against the Euro, up 1.13% against the Canadian Dollar, up 0.78% against the Australian Dollar, down -0.28% against the British Pound Sterling, up 0.91% against the Mexican Peso, up 0.84% against the Japanese Yen, even against the Indian Rupee and even against the Philippine Peso.
GBP/USD 1 Week Chart
The Pound (GBP) slipped even further against the majority of its peers yesterday as the UK’s latest retail figures revealed that sales had slumped more than expected in September.
The large decline in sales also caused the odds of a November rate hike from the Bank of England (BoE) to slip further as well, pilling even more pressure on Sterling as the day went on.
Holders of New Zealand dollars are still suffering on Friday as the currency continues to fall following last night’s news that New Zealand will be led by a Labour government, with Jacinda Ardern at the helm.
In the twenty-four-hour period leading up to 4pm in Wellington, the New Zealand dollar weakened nearly 2.25% against the US dollar, falling below the psychological support level of 0.7 in the process.
United States Dollar was down -0.44% against the Euro, up 0.23% against the Canadian Dollar, down -0.3% against the Australian Dollar, up 0.42% against the British Pound Sterling, even against the Mexican Peso, down -0.29% against the Japanese Yen, even against the Indian Rupee and up 0.09% against the Philippine Peso.