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USD/EUR Exchange Rate

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Popular USD Mid-Rates & Charts (30 days & 3 years) :

Tuesday, 19 August 2014 - Market Commentary
Daily currency news provided by UsForex

: 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/USD USD/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/USD USD/GBP
: The North American market’s continues to be focused on protective positioning ahead of this weekend’s Jackson Hole symposium as history shows there is a high probability of a change in tone from the Central Bank’s. Today’s US Core CPI was flat at 0.1% when the economist’s expected a rise to 0.2%, while the headline was in line with expectations at 0.1%. The yearly core number remains within Fed forecast at +1.9% and highlights that inflation is not skyrocketing therefore leaving Yellen & Co. plenty of room to hold steady. US housing starts were healthy after finally breaking the 1m barrier at 1.09M against anticipates 0.97M.
We expect a range today of 1.0870 to 1.0940
Charts : USD/CAD CAD/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/JPY JPY/USD
The US dollar has appreciated during overnight trade after economic data pointed towards a strengthening economy whilst broader inflation remained the below the Federal Reserve’s official 2 percent target. Assisting the Greenback, Housing Starts reached their highest level in eight months whilst inflation during July showed the cost of living only trickled higher by 0.1 percent, its smallest increase since February. Shining additional light on the Federal Reserve’s existing stance, minutes from their last gathering are due to be released this evening ahead of the Jackson Hole Summit starting on Thursday where Janet Yellen and leading economists will meet to discuss forecasts and monetary policy. Stronger against the Yen this morning at a rate of 102.91 the Greenback is considerably stronger when valued against the Euro (1.3320) as investors await additional economic indicators towards weeks end.
Data releases
MI Leading Index m/m
NZD: No data today
No data today
GBP: MPC Asset Purchase Facility Votes, MPC Official Bank Rate Votes, CBI Industrial Order Expectations
Charts : USD/EUR EUR/USD USD/JPY

Foreign Real Estate Investing Do's and Don'ts

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

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

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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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