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CNY/USD Exchange Rate

CNY 1.00 = USD Reference Mid-Rate       Switch to /
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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 >>

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
BER Team
Immigrant Investor Programs (IIP) are set up by countries to attract foreign capital and business people by providing the right of residence and citizenship in return. In the US, the EB5 investor program is one such Immigrant Investor programs. This program requires overseas applicants to invest anywhere from US $500,000 to US $1 million, depending… Continue reading
Posted on 16 January 2015 | 7:29 pm
OzForex Research
We first heard rumblings of discontent from leaders of emerging market economies around the middle of last year when it looked as though the US was about to commence tapering quantitative easing. These rumblings are likely to get a whole lot louder this time around though, as the impact of US policy starts to bite… Continue reading
Posted on 30 January 2014 | 3:41 am
BER Team
Hong Kong may have pegged its currency to the US dollar, but the renminbi is flavour of the year as the territory pushes for stocks, bonds and other financial products denominated in the mainland currency.   Financial groups are rushing to take advantage of key reforms introduced by China in July, which liberalised the flow… Continue reading
Posted on 18 June 2011 | 2:28 am
BER Team
The EUR/USD is at 1.4158 from 1.4127 in late NY trade Wednesday, the EUR/JPY is at 116.96 from 117.09 and the USD/JPY is at 82.59 from 82.89. The AUD/USD touched a fresh post-float high of 1.0343 after Australian February retail sales rose 0.5% on-month seasonally adjusted, vs +0.4% expected and January’s +0.4%; February private-sector credit… Continue reading
Posted on 30 March 2011 | 7:19 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 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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