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
: The USDCAD traded to 1.0955 yesterday as improved market sentiment continued to help the Loonie. Today the US and Canadian employment figures were released with Canadian data disappointing the market. The USD jumped 100 points to 1.1080 on the employment release. Key technical resistance is at 1.1111 while support levels are 1.1050. We expect a range today of 1.1050 to 1.1125 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
During a busy session across financial markets the 17-nation Euro rose to a two-month high when valued against its US Counterpart after the European Central Bank kept its benchmark rate unchanged at 0.25 percent. In a positive sign for the broader Euro zone ECB President Mario Draghi stated that deflationary fears should reside whilst also re-iterating his commitment to keeping interest rates lower for longer. Opening this morning more than a full cent stronger at 1.3855, the Euro has managed to advance versus all of its 16 major counterparts with the exception of the Australian dollar. In other currency moves the yen dropped to a five-week low versus the greenback after an advisory panel said Japan’s government pension investment fund no longer needed to focus on domestic bonds. Helping the USD/JPY reach an overnight of 103.031 tonight’s session becomes all about the employment picture within the world’s largest economy where it’s expected employers added 150 000 new jobs last month, enough to see the underlying rate unemployment remain steady at 6.6 percent. Data releases No data today NZD: No data today Leading Indicators GBP: Consumer Inflation 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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