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Daily Currency Market Commentary
Daily currency news provided by OzForex

We expect a range today of 2.0750 – 2.1050
US Thanksgiving meant US dollar moves were almost completely absent during overnight trade, with very light volumes seeing the worlds reserve currency remain comfortably within its recent ranges. Contributing very little to broader currency flows, the main moves overnight came from Europe with the shared unit dropping to its lowest level in seven months, assisted by falling bond yields and stronger equity markets. Given accelerated talks that the European Central Bank will unleash further easing when they meet next week, policy makers are considering options which include staggered charges on banks which are hoarding deposits. As part of a broader effort to lift inflation, signs of additional easing only further threaten to undermine the euro’s value which dropped to a 24 hour low of 1.0599. Opening on shaky ground this morning the euro is currently trading at a rate of 1.0606 when valued against its US Counterpart.
Data releases
No data today
NZD: No data today  
Household Spending y/y, Tokyo Core CPI y/y, Spanish Flash CPI y/y
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BER Notebook - FX Market Research & Currency News/Views from our Partners View Latest >>

BER Team
Asia’s wealthy, anxious as many of their local currencies depreciate, are increasingly lured by the resilience of the Australian dollar, says UBS, the world’s largest private bank. The Aussie strengthened against all but one of 12 major Asian counterparts since September 30 on signs the RBA won’t cut its benchmark interest rate beyond its record-low… Continue reading
Posted on 19 November 2015 | 3:26 am
WorldFirst Research
Dovish hike is coming The US dollar is on the back foot this morning as markets have begun to look past what will take place at the Federal Reserve’s meeting on December 16th and have now moved to focus on the shift in policy that will occur in the coming years i.e. how quickly subsequent… Continue reading
Posted on 19 November 2015 | 1:31 am
TorFX Research
Protect your International Currency Transfer from Events like ‘Black Monday’ with Risk Management Strategies Just as financial markets began to recover from months of ‘Grexit’ fears and investors started focusing on rate hike speculation again, there was another asset-shaking shift in the form of ‘Black Monday’. The state of China’s economy and the slowing pace… Continue reading
Posted on 27 August 2015 | 4:45 am
BER Team
Two charts that show the woe for emerging market currencies despite a pause in the devaluation of the renminbi, the cause of turmoil across global currencies. The implications — among them a more troubled Chinese economy than previously thought, deflationary strains in western countries and falling equity stocks — are being felt mostly by China’s… Continue reading
Posted on 24 August 2015 | 9:24 am
BER Team
FX markets remain skittish a few hours after New York traders walked in. Oil prices are trading heavy, US stock futures are soft and there aren’t any US data releases to put a bridge over troubled waters. That should keep USDCAD pointing higher for the balance of the day. So much for a sleepy Monday… Continue reading
Posted on 24 August 2015 | 9:09 am
BER Team
Central bank moves to ease uncertainty around currency on global markets after cutting exchange rate for three days running Continue reading
Posted on 14 August 2015 | 12:23 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

Advertised Foreign Transfer Exchange Rate - Accuracy Checks

Investigating reports that the exchange rates for International Money Transfers published by Financial Institutions on their websites are better than those available to their customers via Internet Banking. We will publish periodic Exchange Rate Accuracy checks here.⇒ read article

BestExchangeRates in the Press Money

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

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