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Thursday, 7 July 2011

1Casa Daily Currency News

Today's Updates

Fragility fears weigh on renminbi
As concerns over the outlook for the Chinese economy intensify, currency traders have scaled back their bets on the renminbi

Single currency left bruised
Euro suffers after rating agency Moody's downgrades Portuguese government debt to junk status

Chinese stocks edge down after rate rise
Asian stocks were mixed as markets digested China's latest rate hike and chewed over whether Beijing will keep increasing rates

Euro-sterling parity in sight as central banks diverge
The European Central Bank is to raise rates this week, while Bank of England stands pat, writes Jamie Chisholm

A tale of two inflation policies
Brazil and Turkey are dealing with the inflation dilemma in diametrically opposed ways, with one taking the traditional approach and the other being innovative. 

Cristina Sanchez

GLOBAL CURRENCY EXCHANGE RATES
CURRENCIES Mid Price
GBP-EUR
1.1193
GBP-USD
1.6015
GBP-AED
5.8849
GBP-AUD
1.4922
GBP-EGP
9.5585
GBP-BRL
2.5153
GBP-KWD
0.4399
GBP-NZD
0.5163
EUR-USD
1.4308
EUR-AED
5.2576
EUR-BRL
2.2472
USD-AED
3.6746
AUD-AED
0.2536
NZD-AUD
0.7704
NZD-USD
0.8269
NZD-EUR
0.5779
Please note the above are indication rates between the buy and sell side
of the market at 7am on
Thursday 7th of July 2011

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