Currency Exchange News on Currency Transfers

Can ECB bolster inflation in the Eurozone?

Daily Forex update The Euro The Euro is little moved against the Pound and US Dollar as the market waits for a speech by European Central Bank President Mario Draghi which is due to be held later in the session. Investors will be looking to see if the ECB President offers…

‘Kiwi’ able to pare declines

New Zealand Dollar Although the ‘Kiwi’ returned from the Easter break in a slightly weaker position, the South Pacific currency was able to pare declines as investors focused on the upcoming Chinese manufacturing figures. The data is expected to show that China’s manufacturing secto…

Sterling strengthens further

Pound Sterling Yesterday’s unexpectedly impressive UK employment data pushed the Pound close to a four-year high against the US Dollar. The British currency also strengthened against peers like the Euro and Aussie. Sterling may hold its gains over the four-day weekend. US Dollar A…

Greece returns to the world's financial markets

Daily forex update The Euro The Euro regained some ground yesterday after Greece made a successful return to the world’s financial markets. The austerity ravaged nation raised €3 billion in its first bond sale in four years. The currency remains under pressure however from con…

USD falls close to a 4 year low on the Pound

Foreign Exchange currency update at send money home US Dollar The US Dollar index fell to its lowest level in more than five months and fell close to its worst level in four-years against the Pound. The cause for the ‘Greenback’s’ decline was the continuing negative effects of last …

Sentiment for riskier assets muted

Foreign currency update and market news New Zealand Dollar The New Zealand Dollar is little changed against its major peers as the markets continue to be jittery following last week’s disappointing jobs report out of the USA. Sentiment for riskier assets was also muted due to r…

RBA Governor's comments caused investors to be cautious

Foreign exchange and major currency update Australian Dollar The ‘Aussie’ softened against a number of peers following the release of mixed domestic data. Retail sales came in below forecast whilst the nation’s trade surplus narrowed more than expected in February. The currency was a…

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 …

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