Table of International Currency Performance and Change in Percent. Major participants in this monetary shift are the United States Dollar (USD), Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Canadian Dollar (CAD), Australian Dollar (AUD), New Zealand Dollar (NZD) and Swiss Franc (CHF).
The USD, the dollar’s supremacy does have its risk as a critical benchmark in global finance, has been on the rise by 0.08% against the EUR. This seems like a small shift, but it is reflective of the Equities’ USD competitive and stable position within the Eurozone. In currency markets, the EUR has fallen -0.08% against the USD. This recent decline brings into stark focus the continuing economic malaise deep within the European Union.
On that note, the NZD has come out as a clear outperformer today, strengthening 0.50% vs the USD. This rise is a very encouraging sign for New Zealand’s economy, or at least a sign that investors’ confidence in its market is growing. The NZD has continued to make up ground against the EUR, up 0.60%. This shift is an encouraging sign for the currency, as many European markets still remain wary of the euro.
A deeper dive reveals that the NZD has actually fared better than the JPY. It increased 0.76%, which was good news for the New Zealand currency. This sharp move reflects a broader and still-developing trend in Asian and Oceanic currency exchanges, where the NZD has been steadily growing in prominence.
The GBP has not performed as well against the NZD, with a loss of -0.76%. This drop may signal challenges for the British economy as it navigates through post-Brexit financial implications and fluctuating trade relationships.
These changes are no small potatoes. At the same time, currencies such as the CAD, AUD, and CHF continue to dominate global currency markets, albeit with little or no impact in the most recent source data release. Future congressional reports will undoubtedly continue to scrutinize their performance. International economic conditions and new geopolitical developments are clearly affecting currency valuations.