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

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