Exchange rates and converters
News from money markets
Due to the severe weather in Houston, Texas, this version is somewhat truncated.
The dollar was largely range bound in N.Y. trade on Friday, as it showed brief signs of strength following weak, but not as bad as expected Q1 GDP revisions. Gains were fleeting however, as a soft Chicago PMI weighed on the buck soon after. EUR-USD shuttled between 1.0955 and 1.1006 through the session, ultimately closing over the 50-day moving average of 1.0969. USD-JPY gave back the 124 handle on its way to 123.72 lows, though showed resiliency in reclaiming the figure into the close. USD-CAD spiked up to 1.2527 highs after a very disappointing U.S.
In the preliminary report, real private residential investment was reported to have increased to a new post-recession high. That was confirmed this morning, and is consistent with the new highs in housing permits and starts that we saw in April, after February permits tied the previous November high.
EUR-USD is firmer following Eurozone data. The high so far is 1.0989, and euro earlier pierced the 50-day moving average, which is presently sitting at 1.0969. EUR-JPY is trading at three-week highs near 136.00. Italian and Spanish HICP numbers came in higher than expected, the former at +0.2% y/y from -0.1% y/y in the harmonized figure, and the latter lifting to -0.3% y/y from -0.7% y/y.
Merrypenny website provides the latest exchange rates from the European Bank (ECB) on daily basis, easy to use online currency converters work flawless on smartphones, tablets and computers.