Best Euro Rate Information
Bank of England talks up the pound exchange rate Though the FOMC decision has received the bulk of the global foreign exchange markets yesterday, but the UK was brimming with event risk and news of its own. February’s labour data kicked off the day. The 34,600 filing drop in jobless claims was much larger than …
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TYhe FOMC meeting last night was a great success for the US Dollar exchange rate and horrible for everything else! The US dollar rate rallied the most in six months after Yellen suggested that the US will taper the asset buying program and that interest rates will have to rise in the coming months. “sufficient …
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Australian Dollar exchange rate falls on bad news in China. The Australian dollar exchange rate fell for the first time in three days after a Chinese property developer collapsed highlighting the fragile property market in Australia’s largest trade partner. The Fact that tonight’s US Fed reserve is holding its meeting would have also led to …
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Us Dollar Outlook improves against the Euro Exchange Rate for the first time in four days as bets are placed that the US Dollar printing program (Quantitative Easing) will come to a end at today’s FOMC meeting. The FOMC meeting will give a lot of direction for other exchange rates as well as the Euro …
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A Big Big Day today for the UK. We have unemployment figures followed by by the MPC minutes due at 9.30am. Later this afternoon Osbourne and the 2014 Budget!! Good morning, Domestically today’s focus is on the 2014 Budget due at 12.30pm. This is the last budget that can meaningfully impact the economy ahead of …
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Tomorrow is a big day for sterling; the Treasury will report the Budget and alongside it, the revision to GDP (possibly to 2.6-3% from 2.4%), the output gap, and labor market conditions. We are a little confused about why sterling is soft in the face of what is likely to be very good news.
Pound exchange rates beaten to a pulp especially against the euro exchange rate. Foreign exchange traders have fallen out of love with the pound and happy to sell pounds across the board today. Whilst the Crimea story/conflict is blamed one would have thought that the British Pound would have been a safe haven fro currency …
Foreign exchange traders buy euros even with bad data. Today the German economic expectations worsened in March 2014 as the ZEW Indicator of Economic Sentiment fell for the fourth consecutive month to 46.6 (52 consensus and 55.7 in February). But Foreign Exchange Traders ignored this and started buying euros again with reckless abandon. Why do …
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US Dollar exchange rate For the US Dollar the CPI for February is released. The annual headline rate has been down this year and markets do expect this pattern to continue. Today in the UK there is no real data once again. Tomorrow sees a release of key data for the UK. Pound Exchange Rate …