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CNY/MYR Exchange Rate

CNY 1.00 = MYR Reference Mid-Rate       /
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Daily Currency Market Commentary
Daily currency news provided by OzForex

The Euro was one of the few currencies which managed to hold its ground against the Greenback on Thursday despite German consumer price inflation turning negative. German CPI printed at -1 per cent just 7 days after the European Central bank released information of a 60 Billion Euro a month government bond program. It was the US dollar however which drew the spotlight once more as unemployment claims showed a substantially fewer amount of people applying for jobless benefits. The Greenback strengthened heavily across the board however the Euro managed to hold its ground opening this morning 1.1311. The US unemployment claims are sitting at levels not seen in over 14 years and these strong numbers lend to the idea of an interest rate increase occurring in the earlier months of the year. Heading into the weekend eyes will focus on the European CPI flash estimate while in US trade on GDP numbers.
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PPI q/q, Private Sector Credit m/m
Building Consents m/m, Visitor Arrivals m/m
Household Spending y/y, Tokyo Core CPI y/y, National Core CPI y/y, Unemployment rate, Prelim Industrial Production m/m, Housing Starts y/y
GfK Consumer Confidence, Net Lending to Individuals m/m, M4 Money Supply m/m, Mortgage Approvals
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BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

Agility Forex
Well, what a week! I can’t remember seeing such sustained volatility in the markets for a long time. The over-riding theme remains the almighty dollar, currently at 6 year highs against the Loonie and 11 year highs against the Euro. Although everyone knew it was coming the sheer size of yesterday’s ECB QE announcement caused… Continue reading
Posted on 23 January 2015 | 8:26 pm
OzForex Research
Financial markets over the past year have been defined by diverging monetary policy settings with shifting rate expectations changing the dynamic of broader forex markets. Having initially traded up above the 94 US Cents mark as recently as September the Australian dollar has now lost more than 15 percent over the past four months a… Continue reading
Posted on 22 January 2015 | 7:06 pm
Agility Forex
Mario Draghi did not disappoint today when the ECB announced a QE programme to buy 60 Billion Euro in assets per month until September 2016 . The asset purchases will cover both private and public sector bonds and will begin in March 2015. European focus will now turn to the Greek election on Sunday. After… Continue reading
Posted on 21 January 2015 | 8:49 pm
OzForex Research
The Swiss National Bank gave us volatility on a historic scale last week as it rocked markets by abandoning the nearly three-year-old policy of supporting the value of the Swiss franc relative to the euro at 1.20. The Swiss franc consequently appreciated sharply across the board, distorting flows and liquidity market-wide. While this took the… Continue reading
Posted on 19 January 2015 | 4:09 pm
Agility Forex
Throughout my years on Wall Street and to this day, one question has always bothered me. I have never got a good explanation as to why the price of crude oil and the strength of the USD move in negative correlation. I’ve heard many different arguments but none are foolproof. I’ve even read that there… Continue reading
Posted on 12 January 2015 | 6:24 am

Why is it that when I go into a currency vendor to send money I never get the rate on the news?

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

What makes sending money internationally so expensive?

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

BestExchangeRates in the PressSMH.com.au Money

“A check with the foreign-exchange comparison website bestexchangerates.net shows a big variation in the exchange rates available when sending money and buying cash.” SMH.com.au ⇒ read article

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