The values of foreign currency can change considerably over a short period of time and although we cannot give you specific advice as to when to buy or sell currency we can arm you with information so you are able to make more informed decisions.Our currency dealers write a monthly market commentary. This offers a summary of the latest currency headlines and why foreign exchange rates have moved, as well as information on forthcoming data releases which could influence the currency market.
Latest news headlines
09 February 2010
Experts: interest rates will stall for next 15 years
Despite the central bank's respite on raising interest rates this month, borrowers can still expect two more rate rises in 2010, says an economist. That's the bad news. The good news is the cash rate will hold steady at 4.25 per cent for the next 10 to... Read more08 February 2010
The Week Ahead: U.S. Retail Sales and the Consumer Confidence Index
Matteo Radaelli submits: Trade Balance (Wednesday 10) – With consumer spending rebounding at the tail end of the year, we expect exports to increase more than imports in December, widening the trade balance deficit. Our estimate is for imports to... Read more08 February 2010
British Pound to focus on quarterly inflation report
TorFX say they believe the British Pound will struggle against the US dollar over the course of the week. __________________ The pound dollar rate is lower while the euro pound rate is higher in morning trade. The GBPUSD is 0.160% lower with 1 GBP... Read more08 February 2010
Media Advisory - Press Conference - Consumer spending and retail sales: Retail Trade: 2009 Results and 2010 Outlook
MONTREAL, Feb. 8 /CNW Telbec/ - The Conseil québécois du commerce de détail (CQCD)/Retail Council of Quebec invites you to a press conference during which Me Gaston Lafleur, president of the CQCD, in collaboration with Mr. Jean-François Grenier,... Read more08 February 2010
Lasting benefits of lower interest rates
In my last column I spoke about the multitude of house price indices and would now like to turn my attention to mortgage affordability. Woolwich’s recent research on the subject generated some interesting findings. The main thrust of the work showed... Read more08 February 2010
No Official G7 Communique
FX markets did not do much in Asia trading, as traders were still shaking off a very bumpy week. Asian regional indexes were unable to follow Wall Street's late day rally, putting pressure on risk appetite. The AUDUSD rallied to 0.8725, as news of a... Read more08 February 2010
FREEING FUEL PRICE TO HELP TAME INFLATION: INDIAN PLANNERS
India's Planning Commission on Friday said that decontrolling fuel prices would not flare up inflation; rather it will soften generalised rise in prices. "It (decontrolling fuel price) will not flare up the inflation. I just think that it is not... Read more08 February 2010
Interest rates stall
Despite the central bank's respite on raising interest rates this month, borrowers can still expect two more rate rises in 2010, says an economist. That's the bad news. The good news is the cash rate will hold steady at 4.25 per cent for the next 10 to... Read more07 February 2010
US economy: Retail sales probably climbed in January
The rebound in spending that gave US retailers a lift during the holiday season probably carried over into the new year, signaling consumers may contribute more to growth, economists said before reports this week. Sales climbed 0.3 per cent in January,... Read more07 February 2010
RBA set to hike rate to stem inflation
The Australian central bank is optimistic about the nation's 2010 growth prospects over the next year but remains concerned about a rise in inflation and is prepared to lift interest rates further. Economists believe the Reserve Bank of Australia (RBA)... Read moreOur market commentary
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