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Currencies - Cross Rates

 AEDGBPEURUSDAUDNZD
AED10.174180.2020.271940.276110.36383
GBP5.7410911.15971.561251.585162.0888
EUR4.95050.8622911.346261.366871.80115
USD3.677230.640510.742811.015311.3379
AUD3.621780.630850.73160.9849211.31772
NZD2.748510.478740.55520.747440.758881
Other Currencies

Friday 27th January, 2012 Fx News

Jan 27, 2012 Currency News Comments Off

As we write this morning there are hopes of some progress and this has in turn spurred market optimism. There are rumors circulating that the meeting between the head of the institute of International Finance and senior bankers in Paris resulted in a new private sector creditors offer an interest rate of 3.75%.

The EUR.USD is clinging to 1.3100 after the close in the Asian session where it has traded in 1 1.3080-3115 range. Risk related assets were still well demanded on Thursday although the bid pressure did wane towards the end of trading in America as the PSI failed to deliver positive announcements along the day.

In the US the number of people seeking unemployment benefit rose to a seasonally adjusted 377,000 which was up from a four year low the previous week. In the long term all signals are pointing to a healthier job market.

UK retail sales fell in January according to the confederation of British Industry. Sales declined to -22 from 9 in December with above 0 indicating higher sales volumes and below 0 indicate lower.

GBP/USD The Cable is expected to move unto 1.5770/80 after it breaks through 1.5680 resistance. Initial support may be found at 1.5618 while subsequent lines are located at 1.5579 and 1.5544.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

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Foreign Exchange News Wednesday 25th January, 2012

Jan 25, 2012 Currency News Comments Off

There have been little developments in the Greek bond swap and this is leading people to think that the longer it takes the tougher it will be for Greece and its debt holders to reach common ground over a much needed agreement to avoid a default. This caused an unsettled market earlier in Europe yet this proved to be fleeting with the EUR/USD ending back above 1.3000 as investors appeared to believe once again on a positive conclusion in Greek PSI talks.

The Japanese currency has accelerated its appreciation against its American counterpart yesterday after the publication of the trade balance figures printed a deficit. The cross is posting gains for the third consecutive day and as we write is advancing 0.29% at 77.90.

The UK government debt has reached a record high of GBP 1 trillion after gbp 833 last year according to official data. The current amount of debt represents 64.2% of gross GDP. The officials claim that this shows that the government is spending too much and have called for severe austerity.

As we write this morning the EUR/CHF is pricing at 1.2102 and analysts have pointed to resistances at 1.2100 followed by 1.2130 and 1.2195.

The Bank of Japan has downgraded Japan’s growth outlook but kept monetary policy on hold on Tuesday as strong yen and weak global demand weighed on exports.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

Daily Foreign Exchange News Monday 23rd January,2012

Jan 23, 2012 Currency News Comments Off

As we write this morning we see that the EUR/USD has remained below 1.2905 for the whole of the Asian Session which is a 0.38 retrace of the last leg down 1.2985/1.2855. It is currently attempting the upside around 1.2896.

Over the weakened there has not been any breakthrough news on Greece and the debt negotiations with the private creditors still not agreeing to the terms set by Greece and IIF on a debt swap. With no deal in place the FX market has reacted by dumping a few more Euros which has thus resulted in wide downside gaps through interbank trading. It is expected that the talks will drag into a third week and through to next weekend.

The GBP/USD has opened in London 36 pips below Friday’s close at 1.5576, the GBP/USD pushed its quote to the upside during the Asian Session but during the European opening it’s pressuring the pair down and quoting at 1.5538 after touching 1.5533 a session low

In the US sales of existing home rose for a third consecutive month in December which is a sign that the housing market is gaining momentum. Our purchases grew 5 per cent to a 4.61 million annual rate.

In the UK the 0.6% increase in sales volumes in December has boosted hopes that the economy avoided contraction in the fourth quarter of 2011.

The USD/CAD has opened Monday trading 30 pips above Friday’s close and from 1.0157 high; the pair lost gradually every pip since the Asian session.

We report on the current global currency exchange movements and offer our clients the very best currency exchange rates available. Our specialty is the ability to offer competitive time option forward currency contract rates. If this is not the most recent daily currency exchange news report, view the most recent news here Buy and sell currency at the best global currency exchange rates available today through FX-ForeignExchange,0044 (01480) 458400 or 07525 984456. This daily global currency exchange report is for information purposes only. It is not intended as a recommendation to trade or a solicitation for funds. FX-currency exchange cannot be held responsible for any loss or damages arising from any action taken following consideration of this information.

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