{"id":682,"date":"2011-02-02T12:06:53","date_gmt":"2011-02-02T12:06:53","guid":{"rendered":"http:\/\/www.mycurrencytransfer.com\/blog\/?p=682"},"modified":"2011-02-02T12:06:54","modified_gmt":"2011-02-02T12:06:54","slug":"smart-currency-exchange-euro-gains-against-us-dollar-02022011","status":"publish","type":"post","link":"https:\/\/www.mycurrencytransfer.com\/blog\/smart-currency-exchange-euro-gains-against-us-dollar-02022011\/","title":{"rendered":"Smart Currency Exchange: Euro gains against US Dollar [02\/02\/2011]"},"content":{"rendered":"<p>Sterling shrugged off last week\u2019s poor GDP and concerns over the situation in Egypt to hit an 11 week high against the US dollar of $1.6143\/\u00a31. Manufacturing purchasing figures surged to the highest level since the survey began in 1992 and led to markets pricing in a 70% chance of an interest rate hike as early as May. There is increasing belief in the idea that the cost of long term inflation would outweigh the benefit of leaving rates on hold. We are starting to see support for a 0.25% rate hike to curb inflation and at the same time maintain growth. However, mortgage approval figures were poor and sterling is still likely to remain very sensitive to negative data, so there is still a large risk that it could drop back down.<\/p>\n<p><span style=\"color: #000000;\"><span style=\"font-family: Georgia;\"><strong>EURO\/GBP &#8211; <\/strong>1.1687<\/span><\/span> <br \/><span style=\"font-family: Georgia;\"><span style=\"color: #000000;\"><strong>US$\/GBP<\/strong> \u2013 1.6180<br \/><strong>CHF\/GBP<\/strong> \u2013 1.5128<br \/><strong>CAN$\/GBP<\/strong> &#8211; 1.5991<br \/><strong>AUS$\/GBP<\/strong> \u2013 1.5990<br \/><strong>ZAR\/GBP<\/strong> \u2013 11.4896<br \/><strong>JPY\/GBP<\/strong> \u2013\u00a0130.72<br \/><strong>HKD\/GBP<\/strong> \u2013\u00a012.6004<br \/><strong>NZD\/GBP<\/strong> \u2013 2.07165<br \/><strong>SEK\/GBP<\/strong> \u2013 10.3067<br \/><strong>US$\/EURO<\/strong> &#8211; 1.3840<\/span><\/span><\/p>\n<p>In the euro zone, the euro continued to strengthen against the US dollar spurred on by strong manufacturing data around the world and the subsequent boost that this gave to appetite for riskier investments. In addition, banks in the euro zone borrowed over \u20ac200bn from the European Central Bank fund this week \u2013 a move that will keep high liquidity in the region\u2019s banks and has kept investors happy. Released today there is producer price inflation for the region, which could be fairly interesting so call in now for a live exchange rate.<\/p>\n<p>In the\u00a0USA, it is a relatively quiet day for data against a busy week. Today sees the ADP non-farm employment change \u2013 generally seen as the less important of the 2 figures released this week, the other being on Friday. However, last month\u2019s figure showed a 200,000 surge in employment that set up the markets for the Friday figure which ultimately was very disappointing. Call in now for a live exchange rate as we are seeing US dollar weakness driven by interest rate expectations.<\/p>\n<p>To request a up-to-the minute quotation, fill out our quote form: <a title=\"Get a quote from Smart Currency Exchange\" href=\"http:\/\/www.mycurrencytransfer.com\/apply\/smart-currency-exchange\">http:\/\/www.mycurrencytransfer.com\/apply\/smart-currency-exchange<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sterling shrugged off last week\u2019s poor GDP and concerns over the situation in Egypt to hit an 11 week high against the US dollar of $1.6143\/\u00a31. Manufacturing purchasing figures surged to the highest level since the survey began in 1992 and led to markets pricing in a 70% chance of an interest rate hike as early as May. There is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[3,21],"tags":[33],"_links":{"self":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/682"}],"collection":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/comments?post=682"}],"version-history":[{"count":1,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/682\/revisions"}],"predecessor-version":[{"id":683,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/posts\/682\/revisions\/683"}],"wp:attachment":[{"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/media?parent=682"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/categories?post=682"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mycurrencytransfer.com\/blog\/wp-json\/wp\/v2\/tags?post=682"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}