Here at BER we are dedicated to helping you find the best possible currency exchange rates for Wire Transfers and Travel Money plus market research and information on both banks and non-bank currency providers. Select USD Mid-Rates & Charts (30 days & 3 years) :
: EUR/USD is weaker having traded to the top of its recent range and come near the top of the long term down trend dating from its June 2011 high up at 1.48 . We expect this to be a heavy resistance zone and we may see some choppy moves around this 1.3250 – 1.3350 range. Relative interest rates have provided for recent strength in EUR, and are likely to provide for further support ahead of next week’s FOMC given the focus on the Fed’s forward guidance thresholds. The ECB meeting two days later on August 1st will be a key focus as market participants look to Draghi for his reaction to both the improving outlook for Europe (PMI’s) and the implications of the recent strengthening in Euro. We expect a range today of 1.3240 to 1.3290 Charts :EUR/USDUSD/EUR
: GBP/USD is weaker falling to near term support around 1.5370 – The pair has been trading in a narrow range all week, and we should see this move develop and give new direction coming into next week’s more data heavy calendar which will include on Thursday, the UK MPC minutes and interest rate decision, and on Friday the US non-farm payrolls numbers. We expect a range today of 1.5330 to 1.5400 Charts :GBP/USDUSD/GBP
: CAD is quiet today after the long weekend. The Loonie initially traded slightly higher on better than expected Wholesale Sales in February but has since given back all its gains. Main focus today will be on US March Existing Home Sales which is expected to drop by 0.7% due to winter weather and limited supply. This would be the slowest pace in 21 months and should put some pressure on the USD. We expect the USD/CAD to continue trading comfortably on around the 1.1000 area. We expect a range today of 1.0990 to 1.1050 Charts :USD/CADCAD/USD
: USD/JPY has seen significant weakness today, falling back below the 100 level. The Yen strength was caused by market perception of a “stronger” than expected CPI number, coming in at 0.2% vs 0.1% expected and indicating an increase of inflation in line with the BOJ policies. However, looking at the various components which make up this number we can see that the core drivers of inflation have come from higher energy prices and higher food costs – indicating “bad” cost push inflation, instead of “good” demand pull inflation (via increasing wages). This is not a good sign for the long term health of Japanese companies or the economy. We expect a range today of 98.00 to 98.60 Charts :USD/JPYJPY/USD
The subdued tone across markets continued overnight that is despite the fact financial centres returned to full operation following the extended holiday break. Whilst markets have continued to shrug off lurking unrest in the Ukraine in general six consecutive sessions worth of gains across US equity markets have ensured an optimistic mood. With numbers also showing the sale of existing homes within the world’s largest economy also beat forecast during March further data prints later in the week specifically New Home Sales data and Durable Goods numbers should both garnish a moderate degree of interest from investors. Opening in familiar territory this morning the Greenback is unchanged against the Yen (102.562) and weaker against the Euro (1.3804) Data releases CPI q/q, NZD: Visitor Arrivals m/m, Credit Card Spending y/y No data today GBP: MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, CBI Industrial Order Expectations
Bloomberg Television interview with Michael Ward, CEO, North America and Europe for USForex on getting
the Best Exchange Rates when sending money abroad from the US plus his thoughts on what to look for when Buying Property Abroad and which global cities are popular right now.
⇒ watch video
You may well think that you are being ripped off, but it is not always the case. In simple terms what you see on the news or in the paper or on yahoo finance
is the Middle Rate or mid-rate. Some people want to buy a currency and some people want to sell a currency and there is a gap (or margin) between the price at which you buy and
the price at which you sell. ⇒ read article
There are a number of cost components to making and receiving international payments, most of which are far from transparent to customers: Currency fees, Transit fees, Correspondent bank fees etc ⇒ read article
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