FX News
Looking to gain that extra insight into the FX markets? Every morning our team hunts down the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
Check out our blog every morning to see the latest news that will affect your currency transfer rate, so you know what to expect over the coming day/week.
The EU agreement on Greece failed to convince markets yesterday. European equities fell almost from the off however US and overnight indices painted a slightly better picture. Hence Europe should open on the same footing. Commodity currencies have hit a ceiling with AUD and NZD in particular meeting resistances.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
After Euro zone finance ministers exchanged their views on how to resolve the lockout between Greece and the size of haircuts to be taken by its private creditors, at almost 3 am in Brussels they appear to have reached a deal that will see Greece being financed by 130 billion...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Eurozone finance ministers are due to meet today to decide whether Greece has done enough to merit its second tranche of bailout funding. Greek Prime Minister, Lucas Papademos, was in Brussels over the weekend to try to clinch the €130 billion deal and reassure Eurozone officials that sufficient austerity measures...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The euro rallied to $1.3150 against the dollar as markets decided that further progress on a Greek debt write down was being made and this saw a rise in investor confidence - particularly on the Dow Jones.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Eurozone crisis continues to weigh, overnight equities underperformed and in all this the USD has become the currency of choice. Yesterday’s much anticipated employment figures and BoE Inflation set the tone for GBP and within the subsequent statement, governor King noted that there continued to be challenging times, substantial...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
Overnight markets performance have remained positive while the USD lost its way somewhat against GBP, EUR and commodity currencies as risk appetite picked up following positive statements from China reaffirming their support of Europe.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Greek Parliament finally passed its austerity budget on Sunday by 199 votes in favour to 74 against. However, the government still needs to detail how it will cut expenditure by €325 million. The leader of New Democracy, Antonis Samaras, who is seen at a potential Prime Minister after elections...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
An action packed day on the markets yesterday saw Greece’s coalition government almost reach an agreement on new austerity measures to secure a fresh Eurozone bailout fund of €130 billion. However, Eurozone ministers refused the supposed €3.4 billion austerity package proposed by the Greek government and set fresh demands with...
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The markets today will be awaiting the rate decision from the Bank of England at Midday today. While no change in the interest rate is expected, an extension to the current quantitative easing program has been forecast for some time.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
The Greek government reportedly drafted an agreement on the bailout deal to be put to political leaders yesterday afternoon. However markets (hopefully) wait hence sentiment remaining somewhat buoyed as overnight Asian indices have performed positively with the rally in Asian indices lifting local currencies.
VIEW FULL ARTICLEPosted in Daily Market News on May 30 2014 by alex
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