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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