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Euro under pressure as potential Ukrainian bailout looms

Forex report for Send money home The Euro The Euro found some support early in the session after a report showed that consumer confidence in Germany increased more than economists expected. The currency was under pressure however from speculation that Russia will not grant…

Canadian Dollar falls back below the key 90 cents level

Foreign exchange update Canadian Dollar The Canadian Dollar is weaker against its peers and fell back below the key 90 cents level against its US relation as investors speculate on the Bank of Canada’s plans for interest rates. A run of weak data reports out of the USA, Canada’s big…

Pound set for a fall

Compare currency FX report Pound Sterling The Pound is on course to make its biggest weekly decline since November against the US Dollar as economists raise their bets that today’s UK retail sales report will show that sales declined in January. The currency also looks likely to d…

The Rand breaches the key 11 Rand to the USD level

FX Compared currency report South African Rand The Rand breached the key 11 Rand to the US Dollar level overnight as emerging markets suffered from another round of sell-offs. Emerging market currencies weakened on Wednesday after minutes from the latest US Federal Reserve…

US Dollar tumbles after disappointing economic data

Foreign exchange update US Dollar The US Dollar weakened yesterday after a report showed that manufacturing output declined sharply in New York State. According to the Federal Reserve Bank of New York its general economic index declined to 4.48 this month, down from the 12.5…

Dollar up on the Yen

Sendmoneyhome fx report US Dollar The US Dollar climbed to a two-week high against the Japanese Yen after the Bank of Japan announced that it was keeping interest rates on hold but extended its bank lending scheme. The BOJ said that it was going to double part of a growth…

MoneyCorp up for sale

TTT Moneycorp who are one of the UK's fastest growing foreign exchange providers and have the better part of 80 retail outlets throughout airports and high streets and are reportedly up for sale. The news comes just as Travelex are preparing for a stock market flotation and it…

A Bad day for the Euro

Compare FX report The Euro The Euro weakened against the Pound and some other peers ahead of the release of flash GDP growth rate data which is likely to be weaker than the previous reading. A slowdown of inflation in the region’s biggest economy raised concerns that the ECB c…

The Pound hits four year high against the Dollar

Compared FX currency report Pound Sterling The Pound hit a four-year high against the US Dollar after a report showed that UK house prices increased this month. Sterling also pushed beyond a one-year high against the Euro. The currency also made gains against the rest of its…

Rand tumbles ahead of today's state of the nation address

Forex update send money home South African Rand The Rand fell against its peers as investors grew nervous ahead of today’s State of the Nation address due to be held by South African President Jacob Zuma. Tensions between the ruling ANC party and its rival the Democratic A…

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