Highlight of the day, Dollar weakens after Fed leaves the rate unchanged which immediately supported all currencies to go up against USD. But yet Yellen Fed President has signaled Fed will tighten its monetary policies by the end of this year as the labor market improves further and a december hike is looking much more likely. Last night after Interest Rate decisions were released USD Index, which measures the USD against a basket of six major currencies extended its decline to a five day low from 96.333 to 95.515 with a 0.50% drop.
News
Keep up to date with our financial news from around the globe.
Here is an example of how we helped one of our clients.
22/ 09/ 2016
US Fed "December hike is looking much more likely"
21/ 09/ 2016
All Awaits FOMC Interest Rate Decisions
First Report of the day was on House Price Index from Australia following with RBA Meeting Minutes. Germany Released reports on Producer Price Index by early Morning. Report from Germany did not facilitate any support to the speculation going strong against USD for Interest Rate Decisions following today.
20/ 09/ 2016
All Quiet, for now ...
Yesterday we saw a very quiet day of data, with limited releases. The only data worth mentioning was USA NAHB Housing market Index, this came positive which indicates US New House sales and Housing Market is gradually improving and it’s at stable state for this quarter.
18/ 09/ 2016
The week ahead | Markets focus on US FOMC Statement
To start the week the only event to note on Monday is USD NAHB housing market index for Sep. Which shows the new house sales and housing market situation of USA. The highlight of the Week will be on USA FOMC Meeting and Interest Rate Decision.
Corporate clients
Whatever your foreign exchange needs, we offer a range of products and services to manage your foreign currency requirements. Whether you need Spot or Forward contracts, Market Orders or FX Options, one of our expert dealers can help.
Private clients
We offer personal foreign exchange services to private clients from all over the world. From buying a home overseas, to sending salary payments home, to managing personal international investments our experienced team can help.
Retail clients
Local currency exchange services and international money transfers can be made quickly and easily at our chain of retail stores. Efficient, convenient and great value service from our expert team.
