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Latest Currency News on Currency Transfers

Can the Federal Reserve maintain its QE programme?

Daily send money home currency update on the usd and other major currencies. Pound Sterling The Pound was softer against the Euro and US Dollar following yesterday’s weaker-than-expected mortgage approval data. A separate report showed that business lending also fell again in F…

Commodity increased due to Rand Rate

South African Rand making headlines The Rand softened from yesterday’s three-month high but is expected to remain supported by improving risk appetite and commodity price rises. The currency also found support by the South African Central Bank’s decision to leave interest rates unc…

The Canadian Dollar continues to find support

Currency update on sending money home Canadian Dollar The Canadian Dollar was little moved against its US relation as it continues to find support from last week’s stronger-than-expected inflation and retail sales data. With no domestic data releases due this week the ‘Loonie’ will …

US Dollar on course to make its biggest weekly advance in two-weeks

US Dollar The US Dollar is on course to make its biggest weekly advance in two-weeks against most of its major peers as market sentiment improved and as the Federal Reserve’s comments on Wednesday continued to bolster the US currency. The ‘Greenback’ also found support after data …

GBP investors await the chancellor's budget

Send money home currency report Pound Sterling The Pound rallied from its lowest level of the year against the Euro as investors await the release of today’s UK unemployment data and keep an eye on Chancellor George Osborne’s budget. The chancellor is expected to set out his pla…

Increased optimism over the Eurozone’s economic recovery

FX Compared forex update The Euro The Euro firmed early in the session after a report showed that European car sales increased by 7.6% last month, the sixth consecutive gain. The data increased optimism over the Eurozone’s economic recovery. The currency remains vulnerable h…

Pound trading below 1.20 against the Euro

Pound Sterling As European trading opened the Pound continued to trade below the key psychological level of 1.20 against the Euro. Sterling was also weaker against the US Dollar ahead of the release of UK trade data. US Dollar The ‘Greenback’ edged higher during North American tra…

Euro little moved due to reduced market sentiment

Compare FX report The Euro The Euro was little moved against the Pound and other peers due to reduced market sentiment and ongoing worries over the situation in Ukraine. The currency could push higher later in the session if Eurozone industrial production data comes in…

Euronet Worldwide Agrees to Acquire HiFX

Euronet Worldwide announced that it has entered into an agreement to acquire HiFX a UK based currency company. £145 million or approximately $242 million. Twenty-five percent of the purchase price will be paid in shares of Euronet stock and the balance in cash. HiFX in return …

Ukrainian tensions help USD regain some ground

Compare FX update US Dollar The US Dollar regained some ground against its peers as demand for safe haven assets received a boost from disappointing data out of China and as tensions in Ukraine increased over the weekend. The weekend saw thousands of Ukrainians take to the…

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