US Dollar

The US Dollar has fallen sharply late this afternoon (14/09/10) following a report from Goldman Sachs suggesting that the Federal Reserve could announce a new program of asset purchases (quantitative easing) in order to support the weak economy and to try and avoid a double dip recession.

The Euro has made strong gains against the US Dollar, forcing EURUSD nearly two cents higher to a high so far of 1.3021. This has caused some volatility in EURGBP which currently trades at 0.8360 (1.1962) on the interbank market.

The Pound has also made gains against the USD pushing the interbank rate through 1.55.

Given current market volatility, please do not hesitate to contact Currency Matters to discuss any foreign currency exchange requirement.