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How-to Guides and tips on the best way to save money on International Bank Transfers

Yen Falls as Risk Appetite Returns

The yen fell by nearly a percent yesterday against the US dollar – its biggest one-day fall in six weeks – as investors regained their appetite for risk amid an easing of the tense situation surrounding North Korea. The yen, which has long been considered the FX world’s premier safe haven, typically falls in value against other currencies during periods of geopolitical stability and rises with uncertainty. View article >

Banks in Agreement: Euro to Reach Parity Versus Pound

HSBC and Morgan Stanley are in agreement: The euro will rally to reach parity (1.0) with the British pound within the next 4-8 months. This consensus has been formed after Morgan Stanley this week released their latest forecasts which show EUR/GBP at 1.02 by the end of March next year. HSBC had already publicly forecast a rate of 1.0 by year-end. View article >

Philippine Peso Won’t “Free Fall” Says Central Bank Governor After Currency’s Fall to 11-Year Low

“Let’s calm down,” said the governor of the Philippines’ central bank on Sunday as he sought to settle investor nerves following a fall in the Philippine peso to an eleven-year low against the dollar. The peso fell on Friday to 51.14 against USD – a valuation not seen since August 2006 – and has fallen again on Monday to 51.29. The peso remains Asia’s worst performing currency in 2017 and, together with the Hong Kong dollar, is one of only two of the twelve most actively traded Asian currencies to post a loss against USD this year, which is saying a great deal given the difficult time the American currency is having. View article >

Little Chance of Another US Rate Hike This Year as CPI Disappoints Again

The implied probability of a further hike in US interest rates this year declined on Friday to 35%, down from probabilities above 40% one day earlier. This fairly drastic adjustment in market expectations for US rates occurred following inflation data which, remarkably, came in below market expectations for the fifth consecutive month. The US dollar ended the week lower as a result. View article >

Yen at 8-Week High as Investors Flee to Safe Havens and Singapore’s Economy Outperforms

Amid growing tensions between the US and North Korea, investors fled on Thursday to the safety of the Japanese yen, gold and Treasuries. Earlier this week, US president Donald Trump had promised to lay “fire and fury” on North Korea should any attempt be made by the rogue nation to harm the US. Not one to back down, North Korea responded to Trump’s “fury” by describing on state media yesterday a plan to fire missiles at the island of Guam – a US territory 3,400km (2100 miles) from the North Korean border. View article >

Hong Kong Dollar Surprises with Best Day in 18-Months and RBNZ to Stay on Hold Until 2019

On Wednesday, a single explosive hour formed the basis of what became the Hong Kong dollar’s best day since February 2016. A little after 6am in London and 1pm in Hong Kong, the Hong Kong dollar suddenly took off, forcing USD/HKD down from levels around 7.826 to 7.8116. And while a 0.18% move might seem negligible when compared to those common in other markets, such moves are rare in USD/HKD due to the manner in which Hong Kong’s currency is pegged to its American counterpart. View article >

Strength in Thai Baht Only Temporary, Says Finance Minister

Within the past fortnight, Thailand’s baht has overtaken the Korean won to become Asia’s best performing currency. The baht’s outperformance will, however, be short-lived according to Thailand’s finance minister Apisak Tantivorawong. Even after some small measure of stability in the dollar in recent days, the baht remains up almost 8% against the world’s reserve currency and trades currently at levels not consistently seen since May 2015. View article >

Drama in Asia as the Yuan Spikes to 10-Month High Amid Speculation of a Wider Trading Band

Tuesday’s Asian session was stirred by a surprise surge in the Chinese yuan. Starting around 9:30am in Beijing, the yuan began rallying strongly against the dollar, with offshore rates declining (the yuan strengthening) to 6.7024 by 1pm, from rates earlier in the session around 6.73. Onshore yuan easily broke the 6.7 level and as of writing is holding steady in the mid-6.69s – a 10-month high in the yuan’s buying power. View article >

NZD/USD Expected to Fall to 0.71 by Year-End, Inflation Expectations Weaken Kiwi Ahead of RBNZ Meeting

The New Zealand dollar fell back below $0.74 against the US dollar during Monday’s Asian session after the Reserve Bank of New Zealand said that respondents in their latest quarterly survey of inflation expectations were more pessimistic than they had been three months ago. Business managers and professionals now see annual inflation running at 1.8% in a year’s time and 2.1% in two years’ time, down from estimates made at the end of Q1 of 1.9% and 2.2% for one-year and two-year inflation respectively. View article >

Hong Kong Dollar Stability Is Shattered as Currency On Course For Another Bad Week

For much of 2017 it’s been one-way traffic in the market for Hong Kong dollars. USD/HKD rose (the Hong Kong dollar fell) in fourteen of the seventeen weeks prior to July 7th, blowing through the midpoint of its allowed 7.75-7.85 range with ease. The currency had, however, stabilized over much of the past month – a period in which USD/HKD meandered sideways between 7.8015 and 7.814. View article >
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