Foreign Exchange News Wednesday 27th July, 2011

Foreign Currency Exchange News – Wednesday 27th July, 2011

The European currency seems to be trading sideways at the moment against its American counterpart the Dollar, having reached a new 3 week high at 1.4534 and then immediately got repelled back towards a session low of 1.4491. As we write the rate stabilizes around 1.4500.

The US currency has fallen to JPY 77.78 which is its lowest since the Post World War 11 low of JPY 76.25 marked in March and the Finance Minister for Japan has said that they will continue to closely monitor the market.. The central banks in Thailand and South Korea have intervened for a second day to keep their currencies from rising too quickly and damaging their export dependent economies.

Many of the FX market experts highly expect the US to be hit by the rating downgrade even if the Whitehouse and Congress agree on a deal to raise the borrowing limits by Tuesday of next week. The deal remains far from sorted.

The Euro has climbed to a three week high at USD 1.4537 but has since eased back to USD 1.4520.

The European Stock Market is expected to open slightly lower with investors still very reluctant to put money on the table until a decision is made over the situation in the US and with the August 2nd deadline looming,

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

FX News Friday 22nd July, 2011

Foreign Currency Exchange News – Friday 22nd July, 2011

Yesterday, FX traders watched as the GBP/USD soared yesterday in the wake of the EU summit which mapped out the second bailout for Greece. It is thought that the GBP/USD could rally towards 1.6540/47.

Earlier in Asia the Euro held onto most of its overnight gains on news of the comprehensive bailout package for Greece but doubts are still very strong with regard to the long-term euro debt zone problems and this has made investors wary of pushing the single currency higher.

The European stocks are expected to open higher this morning following the lead of the markets in the US and Asia which make gains on a deal reached at the meeting of euro zone leaders in Brussels for a second bailout package for Greece.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global Foreign Exchange News Monday 20th June, 2011

Fx- Foreign Currency Exchange News: Monday 20th June, 2011

The EUR/USD has opened the Asian trade under pressure with a 30 pip downside gap at 1.4276 and whilst the price showed strength earlier in Asia the pair has since been limited below these session highs.

As the problems with Greece continue, in Athens Prime Minister Papandreou is facing a vote of confidence on Tuesday as he seeks a new financial aid package and pushes for additional austerity measures in his Country.

The GBP is slightly higher on a modest improvement in risk sentiment but remains in the lower end of the ranges.

The Euro Zone Ministers are due to meet later today to discuss Greece and the latest bail out.

With investors still reacting nervously to the problems in Greece the European stocks are expected to open lower.

EURO: The Euros was at USD 1.4239 from USD 1.4302 later on Friday in New York

GBP The GBP/USD opened Monday trade in Asia at 1.6162 and has climbed into the 1.6810 zone where the pair has been met with resistance and has now broken below 1.6145.

USD The USD was at CHF 0.8513 from CHF 0.8489 and the ICE dollar index which racks the USD against many of the currencies was at 75.314 from 75.015.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Global Foreign Exchange News Monday 13th June, 2011

Fx- Foreign Currency Exchange News: Monday 13th June, 2011

Overnight New Zealand has been hit by a 5.5 magnitude earthquake which was felt as far as Dunedin. It was said to be just as powerful as the last earthquake on February 22nd but not as long in duration. This has immediately dragged the New Zealand dollar lower as productivity concerns pending damage shattered the confidence in the economy.

Overnight in Asia the USD is slightly firmer against the JPY but is it highly likely that the USD and the Euro will be pressured lower this week as the global slowdown concerns and Greek debt problems encourage investors to head for safe haven funds.

The Euro stabilized after the single currency posted its heavies one day sell off in a month on Friday as investors headed for the safe haven dollar as the fear continue about the Greek debt crisis.

Following the losses on Wall Street on Friday and in the Asian markets the European stock markets are expected to open slightly lower. There are still ongoing worries about the global economic recovery

EURO: Trading overnight has been very quiet early in the session and conditions reported as thin. President Trichet is expected to speak at 1.00 today

GBP: The UK pound was at USD 1.6227 from USD 1.6223.

USD The USD/CHF is climbing for the third day and the next resistance will be at 0.8540.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.