Latest currency exchange news at MoneyTransfer.co.uk.
US Dollar to Japanese Yen Exchange Rate Tumbles Despite Dovish Bank of Japan
Published: 21 Jul at 5 PM
The US Dollar to Japanese Yen exchange rate tumbled last week, despite an unexpectedly dovish Bank of Japan (BoJ) meeting that led to a brief Yen selloff. Low Fed rate hike bets have kept the US Dollar generally unappealing against its rival.
USD/JPY began last week trading at around 112.52. At the end of the week the pair continued to...
Pound Sterling to Swiss Franc Update: GBP CHF Exchange Rate Rises after Gold Price Slide
Published: 10 Jul at 4 PM
The Pound has made gradual gains against the Swiss Franc on July 10th, rising from an opening exchange rate of 1.2425 to 1.2449 later in the day.
This Pound strength against the Franc has largely been caused by Swiss economic deterioration, given that the latest UK news has been somewhat negative overall.
Chief among the latest issues...
Pound to Rand Exchange Rate Surges as ANC Muses Nationalising ZA Central Bank
Published: 5 Jul at 4 PM
The Pound has soared by 2% against the South African Rand today, thanks to a sharp drop in ZA economic confidence.
UK data has actually been unsupportive, with the services and composite PMIs for June showing falling economic growth.
The drops recorded were greater than expected and followed earlier declines in the UK’s manufacturing...
Euro to US Dollar Exchange Rate Surges to New 2017 High on Draghi Comments
Published: 27 Jun at 4 PM
The Euro to US Dollar exchange rate saw a surge in demand on Tuesday, as investors bought the shared currency up in reaction to the latest comments from European Central Bank (ECB) President Mario Draghi. EUR/USD gains were limited by impressive US consumer confidence however.
EUR/USD began this week trading at the level of 1.1190. After...
EUR USD Exchange Rate Forecast to Return to Downtrend on Dovish Draghi Comments
Published: 26 Jun at 5 PM
The poor run of US data continued at the start of the week, with May’s durable goods orders contracting far more sharply on the month than forecast.
This offered a fresh boost to the Euro US Dollar exchange rate, throwing the likely timing of the next Federal Reserve interest rate hike further into doubt.
Orders contracted -1.1% on...
NZD to GBP Exchange Rate Rallies as RBNZ Holds Fire on Interest Rate Hike
Published: 22 Jun at 4 PM
The Reserve Bank of New Zealand (RBNZ) has caused the latest New Zealand Dollar appreciation. After news emerged that the RBNZ had left interest rates at 1.75%, the New Zealand Dollar spiked up against the Pound.
According to Kiwibank Chief Economist Zoe Wallis, this was because;
‘The market was expecting stronger language on the...
Pound Drops against US Dollar after Optimism from Fed Official
Published: 19 Jun at 5 PM
The Pound managed to rise to a high of 1.2810 on Monday’s trading session, but soon fell to a lower rate of 1.2751.
This mixed movement came during the first official Brexit talks between UK and EU negotiators.
The talks began almost on the anniversary of June 23rd's EU Referendum, where the UK first voted to separate from the EU. The...
Pound to Euro Exchange Rate Plunges in Reaction to UK Hung Parliament
Published: 9 Jun at 4 PM
The Pound to Euro exchange rate was edging higher earlier in the week as markets expected a big majority for the Conservative party in the UK general election. However, the election ended in a hung parliament and the Pound plummeted.
GBP/EUR quickly shed over a cent on Thursday evening and Friday morning as the results came in and the pair...
GBP CAD Exchange Rate Recovers after Election Concerns
Published: 5 Jun at 4 PM
The GBP CAD exchange rate mounted a recovery by mid-morning today as recent polls suggested that the Conservatives still enjoyed a healthy lead over Labour.
The Pound Canadian Dollar (GBP CAD) exchange rate initially tumbled this morning following the recent terror attack in London, with investors shying away from Sterling as they feared...
US Dollar to Japanese Yen Exchange Rate Plunges on Trump Uncertainty
Published: 19 May at 1 PM
The US Dollar to Japanese Yen exchange rate has seen its worst drop since March this week. Scandals surrounding US President Donald Trump have weakened the ‘Greenback’ and left ‘safe haven’ currencies like the Yen more appealing.
USD/JPY began the week trading at around 113.33. The pair then plummeted in the middle of the week and...
Pound to Swedish Krona Exchange Rate Slumps as BoE Turns Dovish
Published: 11 May at 4 PM
Pound Slips as BoE Downgrades Growth Forecasts and Predicts Wage Squeeze
The Pound has fallen sharply against the Swedish Krona today, from an opening exchange rate of 11.54 to the latest lows of 11.41.
Bank of England (BoE) announcements have triggered this decline, with the BoE interest rate decision starting off the day’s...
Euro to Canadian Dollar Exchange Rate Slips as Investors Take Profit Following Macron Win
Published: 8 May at 1 PM
The Euro to Canadian Dollar exchange rate slipped from its highs last week and continued to drop on Monday. This was despite general optimism in the Eurozone following the election of pro-EU Emmanuel Macron as the next President of France.
EUR/CAD advanced from 1.4879 to 1.5014 last week but was unable to hold Friday’s high of 1.5148....
Euro Japanese Yen Exchange Rate Slides on French Election, Remains Near 1-Year Highs
Published: 5 May at 1 PM
The Euro has fallen moderately against the Japanese Yen today, but remains close to its best exchange rate since May 2017 at 123.05.
The latest Eurozone news has been positive, with retail activity in April rising from 49.5 to 52.7. A figure above 50 points indicates sector growth, which is a relief of Euro traders.
Despite the good...
Euro to New Zealand Dollar Exchange Rate Weaker after Optimistic NZ News
Published: 3 May at 3 PM
The Euro to New Zealand Dollar exchange rate has been pushed lower this week by a mix of political jitters and a stronger New Zealand Dollar, despite Eurozone data consistently impressing.
EUR/NZD has lost around a cent in value so far this week. After beginning the week at the level of 1.5870 the pair had dropped to a weekly low of 1.5688...
GBP/NZD Rises as New Zealand Observes Anzac Day
Published: 25 Apr at 11 AM
Despite a lack of impressive UK data, the Pound advanced against the New Zealand Dollar on Tuesday. New Zealand markets were closed due as the nation observed the Anzac Day holiday, making the ‘Kiwi’ easy pickings.
GBP/NZD opened this week at the level of 1.82. On Tuesday, the pair gained around a cent and hit a high of 1.84. This was...
Euro Surges on Bets of Macron Presidency, Pound Struggles Under Weak Business Sentiment
Published: 24 Apr at 5 PM
Disappointing CBI business surveys and housing market data left the Pound on a downtrend on Monday. Markets were not impressed to find that the business optimism index had plunged from 15 to 1 for the second quarter, suggesting that the economy remains under increasing pressure. With the UK economy showing signs of slowing...
Euro to Yen Demand Soars after First Round of French Election Voting
Published: 24 Apr at 4 PM
A sharp appreciation for the Euro has followed the outcome of the first round of voting for the French Presidential Election. This has led the Euro to rise from 1.16 to 1.19 against the Japanese Yen, the best exchange rate since late March.
Emmanuel Macron, a centrist candidate, has reached the final two as predicted. Less supportively,...
US Dollar to Japanese Yen Exchange Rate Volatile amid Geopolitical Uncertainty
Published: 18 Apr at 5 PM
The US Dollar to Japanese Yen exchange rate saw considerable falls last week as geopolitical tension in the US saw investors looking to other ‘safe haven’ assets like the Japanese Yen.
USD/JPY plunged from 111.08 to 108.62 last week and when markets opened on Monday this week USD/JPY fell to a fresh five-month-low of 1.08.16. The pair...
US Dollar to Japanese Yen Exchange Rate Slumps to 2017 Low on Political Jitters
Published: 12 Apr at 2 PM
The US Dollar to Japanese Yen exchange rate has slumped this week, as rising geopolitical jitters in the US have undermined its sturdiness prompting traders to look elsewhere for ‘safe haven’ assets.
USD/JPY began the week trading at the level of 111.08. However, since Monday the pair has lost over a Yen in value to hit a low of 109.42...