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Daily Currency Market Commentary
Daily currency news provided by OzForex

The US dollar index, which measures the world’s reserve unit against a basket of currencies jumped to a five year high overnight following a report which showed core US inflation rose by 0.2 percent last month. Whilst the headline consumer price index suffered its biggest drop since 2008 such readings have been discounted given the number includes the impact of falling oil and energy prices. In other positive flows for the US economy a separate report showed US durable goods rebounded by 2.8 percent in January a number sufficient to be broadly supportive of US dollar strength.  Stronger against the Japanese Yen this morning at a rate of 119.42 the Greenback has also stretched its legs against the Euro with the EUR/USD opening more than a full cent weaker at 1.1195. In what’s shaping up as an equally busy 24 hour window a preliminary GDP print from the United States followed by CPI from Germany remain the pick on a jam packed economic calendar.  
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Building Consents m/m, ANZ Business Confidence
German Prelim CPI m/m, French Consumer Spending m/m, Spanish Flash CPI m/m
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BER Notebook - FX Market Research & Currency News/Views from our Partners See more >>

Agility Forex
Oz to me seems like a no-brainer. The Aussie dollar has been beaten down over a commodity slump and a rate decrease by the Reserve Bank of Australia in the face of the ECB’s quantitative easing program. But the real clincher has been the price action over the last few weeks. If you google Aussie… Continue reading
Posted on 16 February 2015 | 6:02 pm
OzForex Research
The Reserve Bank of Australia have cut interest rates for the first time since August 2013 this week, abruptly ending a period of stability which saw rates remain on hold for a record long period. With the domestic cash rate now sitting at 2.25 percent, its lowest ever mark, the announcement has succeeded in spurring… Continue reading
Posted on 8 February 2015 | 4:14 pm
Agility Forex
There’s nothing that can throw cold water on irresponsible populist rhetoric than cold hard reality staring you in the face. It looks as though we are seeing this happen in Greece as we speak. Faced with imminent default, the Greek government stated over the weekend that they would pay their debts owed to the European… Continue reading
Posted on 3 February 2015 | 4:13 am
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

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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