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Latest Currency News on Currency Transfers

The ‘Aussie’ climbs

Forex update Australian Dollar The ‘Aussie’ jumped higher against the majority of its most traded peers after it found support from strong domestic data. Retail sales in Australia rose by 1.2% in January, beating expectations for a 0.5% gain. Retail sales in December were rev…

Bitcoin exchange files for bankruptcy

Bitcoin exchanges, MtGox, has filed for bankruptcy, Bitcoin is a virtual currency that has become increasingly popular as an alternative to traditional currencies blaming computer hackers with it the loss of almost $500m (£300m) in customer deposits. On a further move for the UK …

The Pound holds firm ahead of data UK releases

foreign exchange update for send money home Pound Sterling The Pound is firmer against the Euro and US Dollar as economists await the release of UK Services PMI data which is forecast to show a further expansion of the UK’s biggest sector. The currency is also finding support a…

US Dollar makes gains against a number of peers

Daily money transfer update US Dollar The US Dollar made gains against a number of peers on demand for safe haven assets. Tensions in Ukraine are rising after Russian President Vladimir Putin’s threat to invade has intensified. The standoff is one of the most serious East/West s…

Good news for euro sellers

Sending International Currency using our Daily Currency update news reports Pound Sterling The Pound firmed against the US Dollar yesterday after Federal Reserve Chairman Janet Yellen told the US senate that monetary authorities are concerned with the recent run of weak US data…

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…

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