Currency Exchange News on Currency Transfers

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…

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…

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