Archive for February, 2010
The US Dollar has continued to appreciate following last night’s unexpected announcement by the Federal Reserve to increase its Discount Rate by 0.25% to 0.75%. The Discount Rate is the rate US banks are charged at to borrow emergency funding from the Federal Reserve. The Target Rate that banks usually borrow at remains on hold [...]
COMPARING CURRENCY MATTERS WITH YOUR BANK
In a recent comparison conducted for one of our clients, Currency Matters saved them a staggering £1,774.53! Please find full details of the comparison below.
Currency Matters quote:
Client buys USD 120,000.00 @ 1.5670, client sells £76,579.45. No fees or commission charged.
High Street Bank Quote:
Client buys USD 120,000.00 @ 1.5320, client sells [...]
Posted in Currency News Currency Updates by mporter
Last week the currency markets were firmly focused on the Euro with the fiscal problems of Greece and also Spain and Portugal taking the headlines. Speculation built throughout the week that the other European Monetary Union states, led by Germany, would come to Greece’s aid. However, markets were clearly disappointed that whilst a rescue package [...]
Risk Aversion returns, USD and JPY higher.
The market this week has seen a fresh bout of risk aversion causing stock prices and gold to tumble. As a result both the USD and JPY have appreciated considerably.
GBPUSD has fallen to its lowest levels since May 2009, falling earlier to a low of 1.5655. Some analysts now [...]