Foreign Exchange Rates AUD

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Foreign Exchange Rates EUR/USD 1.3128-1.3163

Foreign Exchange Rates GBP/USD 1.6037-1.6072

Foreign Exchange Rates GBP/EUR 1.2202-1.2235

The tone of G20 meeting this weekend seems to have been set before it has even started with finance chiefs from Canada and Australia urging Europe to fix its crisis. Emerging market leaders (BRICS) have also demanded a bigger IMF role before they are prepared to contribute to the IMF’s firewall having seen Japan, Denmark and Sweden already make contributions this week.

The Euro has failed to trade lower against the USD as we end the week and Sterling has held onto yesterday’s gains ahead of today’s UK retail sales data. There will be a clearer picture after the G20 as to the next move for the Euro and USD.

The Pound was the biggest gainer of the week posting stronger numbers against a basket of currencies as a result of positive economic growth forecasts and better employment data.

Foreign Exchange Rates EUR/USD currently 1.3150. Support 1.3000, resistance 1.3300.

Foreign Exchange Rates GBP/USD currently 1.6059. Support 1.6000, resistance 1.6300.

Foreign Exchange Rates GBP/EUR currently 1.2214. Support 1.2100, resistance 1.2400

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