Currencies Brief – 31st August 2017

Pound is biased Negative

The latest consumer credit and mortgage data helped the pound support higher against euro and hold steady against dollar says Currencies Direct, the UK based foreign exchange broker. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/pound-recovers-from-worst-levels

Pound sterling is under pressure Vs dollar and other major currencies because of the Brexit talks between UK and EU, political uncertainty and economy. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-31/brexit-hit-pound-set-for-worst-month-versus-dollar-since-october

Dollar recovers

“There have been some supportive developments. The data from the U.S. is improving, it looks like we are going to get another solid payrolls report (on Friday),” said Lee Hardman, a strategist with Japan’s MUFG in London. “In general the dollar is trying to stage a rebound over the last couple of sessions, suggesting the falls last week were probably overdone.” The full article can be read in this link - https://in.reuters.com/article/us-global-forex-idINKCN1BB02O

Euro Sinks

“They are somewhat concerned about the euro’s strength and the source piece backed that up again,” said Citi strategist Josh O’Byrne. The full article can be read in this link - https://www.reuters.com/article/global-forex-idUSL8N1LH47Y

Yuan Gains

Chinese currency yuan weakened against dollar slightly but is expected to rebound after a strong economic data. The full article can be read in this link - https://in.reuters.com/article/uk-china-yuan-midday-idUSKCN1AX0CA

Rupee down

The rupee opened 2 paise down against US dollar because the American currency was gaining against the other major currencies. The full article can be read in this link - http://economictimes.indiatimes.com/markets/forex/rupee-opens-2-paise-lower-against-us-dollar-at-64-03/articleshow/60302503.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 29th August 2017

Pound Gains

Political tensions in North Korea helped pound to make gains against the riskier currencies. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/sterling-mixed-on-bank-holiday-ahead-of-fresh-brex

Pound sterling rose to two week high against dollar after escalating tensions in North Korea. The full article can be read in this link - http://uk.reuters.com/article/uk-britain-sterling-idUKKCN1B20TE

Dollar drops

Dollar dropped to 4 month’s low against Yen after North Korea fired a missile that passed over northern Japan. The full article can be read in this link - https://www.reuters.com/article/uk-global-forex-idUSKCN1B70XZ

Euro Gains

“Risk sentiment has taken a beating on the North Korea jitters and weak equity markets with the only exception being the euro, as the uptrend momentum seems to be behind the single currency,” said Stephen Gallo, European Head of FX Strategy at BMO Financial Group in London. The full article can be read in this link - http://uk.reuters.com/article/us-global-forex-idUKKCN1B82GC

Euro rose to the strongest levels in more than two years after North Korea fired a missile over Japan. The currency is now trading above the psychological $1.2000 level for the first time since January 2015. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-29/euro-climbs-above-1-20-for-first-time-in-more-than-two-years

Yuan Gains

Chinese currency yuan strengthened against dollar both offshore and onshore markets. The full article can be read in this link - http://uk.reuters.com/article/uk-china-yuan-midday-idUKKCN1AX0CA

Rupee down

The rupee opened 4 paise down against US dollar on account of buying of the currency by banks and exporters. The full article can be read in this link - http://economictimes.indiatimes.com/markets/forex/rupee-opens-4-paise-lower-against-us-dollar-at-63-95/articleshow/60270884.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 28th August 2017

Digital currencies exist in a grey area of legalities. Chinese government is preparing for new rules to crackdown risky behavior in the financial sector. The full article can be read in this link - https://in.reuters.com/article/us-china-finance-digital-idINKCN1B80NY

“I don’t think expectations were that high in the market that Draghi would talk down the euro at Jackson Hole. Even if he had done so, the euro likely would have risen anyway,” said Masafumi Yamamoto, chief forex strategist at Mizuho Securities. The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B70XZ

Chinese currency yuan climbed up and remained strongest against US dollar in more than an year based on guidance from the central bank. The full article can be read in this link - https://in.reuters.com/article/uk-china-yuan-midday-idUSKCN1AX0CA

Pound’s decline has pushed it to the weakest levels in the ten months against Euro. According to the analysts the four week slide against its European currency counterpart may be overdone. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-27/analysts-question-pound-negativity-as-crucial-brexit-talks-begin

The rupee opened 15 paise up against US dollar on account of selling of the currency by banks and exporters. The full article can be read in this link - http://economictimes.indiatimes.com/markets/forex/rupee-opens-15-paise-higher-against-us-dollar-at-63-89/articleshow/60252985.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 25th August 2017

Pound had some support from the second quarter GDP figures. Only on Monday will we get to understand how market would react for  European Central Bank (ECB) President Mario Draghi’s comments. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/uk-gdp-data-props-up-pound-as-markets-eye-today%E2%80%99s

“Broader markets are happy to push sterling lower with any negative news, and there is a big gap opening up between the outlook of both the eurozone and the U.K economies,” said David Madden, a markets analyst at CMC Markets in London. The full article can be read in this link - http://uk.reuters.com/article/uk-britain-sterling-idUKKCN1B20TE

Federal reserve swaps 36 million dollars with the Bank of Canada, the Bank of England, the European Central Bank, the Swiss National Bank, and the Bank of Japan in order to respond to the strains in short-term funding in Europe markets. The full article can be read in this link - http://uk.reuters.com/article/uk-fed-forex-swaps-cenbanks-idUKKCN1B42ID

The Chinese currency yuan finished flat with dollar over a week on dollar demand from the corporates. The full article can be read in this link - http://uk.reuters.com/article/uk-china-yuan-midday-idUKKCN1AX0CA

"We really don’t expect much action from Jackson Hole, but our traders certainly won’t be headed to the pub quite as early this week," said Karl Schamotta, director of foreign-exchange research and strategy at Cambridge Global Payments in Toronto. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-24/fx-market-ripe-for-volatility-with-jackson-hole-expectations-low

The rupee gained 8 paise with dollar selling and firm stock markets. The full article can be read in this link - http://economictimes.indiatimes.com/markets/forex/rupee-swings-back-to-2-week-high-of-64-04-gains-8-paise/articleshow/60211423.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 24th August 2017

After hitting a fresh eight year low against Euro, GBP/EUR has rebounded 0.1%  says Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/focus-on-brexit-pushes-pound-lower

The dollar's upside potential seems limited for now, said Shinichiro Kadota, senior FX strategist for Barclays in Tokyo. The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B304E

Pound fell to a new two-month low against the dollar on Thursday as the lack of any major economic data encouraged investors to add bets against the British currency. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B20TE

This week’s gathering of central bankers in Jackson Hole presents policy makers a chance to talk down their currencies after months of gains versus the dollar. They can’t all win. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-23/currency-rallies-test-central-bankers-powers-to-sway-markets

The rupee on Wednesday slipped by 2 paise to close at 64.12 against the US currency. it struggled to keep the initial momentum against its US counterpart and turned weaker. The full article can be read in this link - http://economictimes.indiatimes.com/markets/forex/rupee-softens-against-dollar-closes-at-64-12/articleshow/60194329.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 23rd August 2017

The pound was holding opening levels or rebounding this morning says Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/uk-borrowing-figures-put-the-pound-on-the-decline

Dollar edged down against yen after Trump referred to his vow and said, "If we have to close down the government, we are building that wall." The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B203I

Pound has fallen below $1.28, first time since late June. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B20TE

Struggling pound has dropped to eight-week low, as companies are cautious in their investment owing to Brexit concerns. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-23/pound-drops-to-near-two-month-low-as-u-k-softens-brexit-stance

The rupee is likely to trade in the range of 63.50-65.00 range next few weeks, dealers said. It closed at 64.11 per dollar on Tuesday, a tad higher than a day earlier. Rupee is expected to turn volatile ahead of Jackson Hole. The full article can be read in this link  -http://economictimes.indiatimes.com/markets/forex/how-jackson-hole-may-impact-rupee/articleshow/60181431.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 22nd August 2017

Pound has been steadily declining and Euro is boosted with the Bundesbank prediction that germany is better than analyst expections on its path to recovery says Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/brexit-hangs-over-pound,-euro-boosted-by-bundesban

"This could be a platform for the U.S. dollar," Innes said, referring to the Jackson Hole conference. The full article can be read in this link - https://in.reuters.com/article/uk-global-forex-idUSKCN1B203I

Pound has fallen more than 3% since start of august owing to the perceived change in tack at the Bank's latest policy meeting and a broader recovery for the U.S. currency. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B20TE

The euro rose to a session high in afternoon trading, while the 10-year Treasury yield saw a modest decline and U.S. stocks fluctuated. Military exercises near the Korean peninsula kept concerns simmering over North Korea, while extended positioning was seen as a risk to euro longs, traders said. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-21/dollar-drops-to-lowest-since-jobs-data-as-euro-regains-1-1800

Bhaskar Panda of HDFC Bank said, "The dollar index has been keeping above 93 mark ahead of the Jackson Hole conference. The USD-INR pair is also in a consolidation phase." The full article can be read in this link:

http://www.moneycontrol.com/news/business/markets-business/indian-rupee-opens-flat-at-64-09-per-dollar-2366023.html

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 21st August 2017

Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider has reported that pound weakened with no economic data to offer. With two deadly terror attacks in spain, pound gained only against euro. Trump is seen as a major factor in dollar decline. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/terror-attacks-in-spain-but-pound-remains-weak

"We are now back in the days of more political uncertainty which does leave more questions on the economic outlook so perhaps leading towards more uncertainty for the pound in the coming days," said Alexandra Russell-Oliver, a strategist at Caxton FX in London. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-idUSKCN1B10ST

Dollar edged up in early asian trading, Euro is steady against its major counterparts and speculators reduced the negative bets on US dollar reports reuters. The full article can be read in this link - https://in.reuters.com/article/usa-navy-crash-idINKCN1B1064

Brexit might influence pound fortunes this week. Strategists at HSBC Holdings Plc, including Daragh Maher, recommend selling the pound against the dollar at current levels. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-20/pound-vulnerable-as-u-k-prepares-to-provide-brexit-plan-details

Rupee opened higher against dollar on account of currency selling by banks and exporters. According to Angel Broking, USDINR spot is expected to appreciate. The full article can be read in this link –

http://economictimes.indiatimes.com/markets/forex/rupee-opens-8-paise-higher-against-dollar-at-64-07/articleshow/60152619.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 18th August 2017

Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider has reported that pound that reported strong gains was unable to hold them when the day closed. The markets were largely unimpressed by UK retail sales data. GBP/EUR recorded strong gains based on European Central Bank’s minutes of the meeting. GBP/USD displayed signs of weakness. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/lacklustre-uk-retail-sales-leave-pound-soft

"This week's wages and retail sales data did little to alter the growing market belief that a U.K. rate hike is likely only in the second half of 2018 and with a thin data calendar for the next couple of weeks, the market will be rangebound," said Manuel Oliveri, an FX strategist at Credit Agricole in London. The full article can be read in this link - https://in.reuters.com/article/uk-britain-sterling-open-idUSKCN1AY0SH

Asian market currencies have been having a great year except the Philippine peso. Thailand baht has had a 7.4 percent increase. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-18/in-a-good-year-for-asia-currencies-philippine-peso-is-unloved

Dollar future depends on Trump - the man who unwinds it. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-17/for-the-dollar-it-s-all-about-trump-no-matter-how-you-slice-it

A report states that is the forex kitty continues to grow at the present rate, it will cross the 400 billion mark on 8^th September 2017. The pace has been strongest since 2015. The full article can be read in this link –

http://economictimes.indiatimes.com/markets/forex/forex-reserve-may-cross-400-billion-mark-by-first-week-of-september/articleshow/60103045.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

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Currencies Brief – 17th August 2017

Currencies Direct, the UK based foreign exchange broker and hassle free international payment provider has reported that pound that reported strong gains was unable to hold them

when the day closed. The markets are expected to react to the FOMC minutes released after the close of trade yesterday. It could boost GBP/USD. The full article can be read in this link - https://www.currenciesdirect.com/en/news/currency-news/pound-seesaws-after-strong-wage-growth-data

Thomson Reuters that tracks the offshore yuan against a basket of currencies on a daily basis expects Yuan to break a four-day losing streak. The full article can be read in this link - https://in.reuters.com/article/uk-china-yuan-midday-idUSKCN1AX0CA

Economist Dean Turner says, “Eventually, economic fundamentals assert themselves, and they suggest that the pound’s journey south against the euro is probably closer to the end than the beginning.” The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-17/pound-undervalued-versus-euro-says-ubs-wealth-management-chart

Euro fell against most of its major peers. The full article can be read in this link - https://www.bloomberg.com/news/articles/2017-08-16/fed-supports-bonds-dollar-weakens-on-inflation-markets-wrap

Rupee ends lower against Dollar. The full article can be read in this link –

http://economictimes.indiatimes.com/markets/forex/rupee-ends-3-paise-lower-at-64-15-against-us-dollar/articleshow/60088810.cms

www.xferisfree.com is an upcoming currencies comparison startup. Our mission is not only to help you find the best rates possible but also to provide you the relevant offers that would enable you to buy for less. We intend to provide you with shopping coupons of your favourite brands so that you get a value of more than the money that you paid as transfer charges - thereby making your transfers virtually free. And we would publish articles that would help one decide the best way to transfer money. We are an affiliate  of TransferWise, Xendpay, Azimo, Currencies Direct, Orbit Remit, and World Remit

Please support by using our services and spreading the word.

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