Best time to Sell the USD, Dollar?
Daily Foreign Currency Exchange News: 27th September, 2010
Is now the best time for Buying or Selling the US Dollar?
US Dollar: Chatter in the global currency exchange commnity sees the Dollar at risk of further declines as there’s strong suggestion from the Fed that Quantitative Easing may be on the way. View our currency converter to compare the dollar against your currency.
Euro: The euro is suspiciously high, according to some global currency exchange analysts. As European Members report ever-greater debts, investors continue to ignore the facts before them. In some cases, we’re at 4-month highs. Questions are now beginning to surface about just how long the euro can continue this rally. The Eur/usd is now just below the 1.3500 level. This is a significant level. If the euro breaks through, and holds above, 1.35, we may see some speculators leave the currency on a grand scale.
Australian Dollar: Trends indicate that the aud will go higher against the usd this week. After a climb of 2.36 percent, the Australian Dollar is beginning to top-out, some believe.
GBP/USD: The Pound Stirling has moved little against the USD this morning. As mentioned on Friday, the pair have remained trading within a tight band, and just above 1.5800.
GBP/JPY: The Pound has remained steady against the Yen, despite the Bank of Japan’s second intervention last week. They remain at around 133.30.
USD/JPY: A significant differnce between the Dollar and the pound, is the fact that the usd/jpy has reached a fresh low of 84.18. Friday’s sell-off from 85.40 to 84.12, suggests a decline.
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Today’s Market Comment on Currency values
Friday 14th May, 2010. Global Currency Market Comment
Looking to buy or sell currency now? Use the currency converter on the right, and get the best exchange rates today.
Yesterday, was yet another turbulent day for both Sterling and the Euro. Both currencies lost ground against the US Dollar in particular. Now that the UK election result is agreed, all attention has turned on the uncertainty before the UK Chancellor’s emergency budget due within the first 50 days.
GBP: USD. The pound started off well enough at about $1.49, but sank to below $1.46 this morning. It would seem that the market currently prefers dollars, but that may change following the announcement in the US, that eight banks are facing investigation into the ratings of their mortgage products in the run-up to the financial crisis.
EUR:USD. It isn’t clear why the euro is struggling so much, given that the Eurozone has recently announced some reasonable economic data. It’s possible that the markets are becoming more anxious about the medium term prospects of theeconomic recovery in Europe. The Euro has dropped to close to $1.25. If the markets are concerned, expect this to go lower.
GBP:EUR. Early on in March, 2010, we saw the €1.10, now we’re regularly seeing €1.17 to €1.18. The last time we had rates like this, was between mid-june and early August 2009. After then, it dropped suddenly to €1.07, and we had many customers who had held off. They lost their opportunity.
With the currency rates altering as quickly as they are, we suggest you choose from the following:
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If the rate suits you now, make that exchange. It may go a bit more in your favour, but it’s just as likely to go against you.
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If the rate doesn’t suit you, contact us here, and let us know what rate you need. We will put you on our “Rate watch” list and contact you as soon as your rate is achieved.
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