FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
The focus is clearly on the Euro as we open the week with GBP/EUR above 1.2150 and EUR/USD below 1.30 - In short EUR weak across the board.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The dollar initially gained after soft Chinese data with EUR/USD falling from $1.32 to $1.3175 by the London open. There was an identical move lower in cable (GBP/USD) where the pair fell from $1.5960 to $1.5940.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Yesterday the major theme seemed to be dollar weakness, which we associate with a more risk-loving environment returning. The Beige Book report on economic activity saw the US economy expanding at a modest-to-moderate pace through to the end of March.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Euro is lower this morning as jitters over the European sovereign debt crisis continues. ECB Governing Council Member Nowotny tried his best to dampen concerns stating that he was not concerned about Spain as the government had taken the necessary steps to repair its finances.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Markets look to be turning back to risk averse mode after the Easter break is over. Not only was Friday’s US payrolls report worse than expected, but there are renewed concerns about the eurozone sovereign debt crisis.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
European equity markets look set to ignore the fall on Wall Street and in Asia and rally this morning. Yesterday’s Spanish bond auction was disappointing with the government unable to find buyers for the maximum amount of debt it wanted to sell.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
FOMC March minutes supported the USD. Markets were disappointed not to see any mention of further quantitative easing, as a result USD strengthened with GBP/USD falling from 1.60+ to below 1.59.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Having dipped to $1.3280 versus USD overnight, the euro managed to rally this morning, regaining $1.3340 on little news. GBP/EUR drifted back below 1.2020, with the single currency managing to retain support.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
As pressures re-emerged in sovereign debt markets last week, eurozone Finance Ministers met in Copenhagen and announced an increase to the European firewall on Friday to €800 million. The firewall will be made up of the EFSF and the ESM schemes, although the latter will not be fully operational until mid-2013.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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