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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Market comment - time to sell Euros?
Tuesday 18th May, 2010, Global Currency Exchange market comment
Is the euro weakening further? Stop the slide if you have to sell Euros by buying a forward contract with just a 10% deposit.
Yesterday was a fairly quiet day for currency rates, with the Euro consolidating a little after its rapid descent. Don’t expect this to be the end of the euro slde though. The markets show large numbers of speculators don’t have much faith in the Euro at present.
Euro: The new belt-tightening approach in the Eurozone will do nothing for confidence in the euro as the policy will ensure that economic growth is likely to remain extremely restricted for quite some time. This will ensure that the interest rates will remain low and will ensure that the ECB will have to tighten spending further.
GBP:Eur. The pound continues to maintain station comfortably above 1.15 euros and is expected to gain a little. This is more due to the weakness of the euro though. As the UK chancellor’s first budget draws nearer, it will be fascinating to see how jittery the market will become. If you’re holding out to change GBP into EUROs, don’t hold off too long. contact us here, and let us know what rate you need. We’ll let you know if it gets there.
GBP:USD. The Pound hasn’t performed so well against the dollar and continues to slide. As commented yesterday, currency buyers just want to buy Dollars.
AED: As the aed is pegged to the USD, this could be a great time to sell aed and buy euros, pounds or Australian dollars. The AUD is very weak against the AED and US Dollar at the moment.
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