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Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.

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News 2026-01-11

Currency Market Update - Week ending 2026-01-17

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News 2025-12-22

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With the yen down sharply against major currencies, winter in Japan offers rare value on hotels, food, transport, and skiing. A rare currency tailwind for travellers.

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The Most Expensive FX Mistakes People Make

Foreign exchange mistakes rarely feel expensive at the time — but they add up fast. Here are the most costly FX mistakes people make, and how to avoid them.

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Wise vs Revolut (USA): Transfers & Travel in 2025

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Guide to the Euro: Understanding Europe's Common Currency for Travelers, Expats and Business

Understanding the Euro is not only crucial for navigating the financial landscapes of these countries but also for appreciating the broader economic and cultural contexts that shape Europe today.

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Compare the Best Multi-Currency Accounts for Travel, Business & Transfers

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How Currency Fluctuations Impact Your Profit Margins (and How to Protect Them)

Currency shifts can quietly shrink your margins if you’re doing business internationally. Learn how to manage FX exposure, protect your profits, and use smart tools to stay ahead.

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OFX vs Wise: Which Money Transfer Service Is Best For You in 2026

Looking to transfer money internationally? We compare OFX and Wise side by side, covering costs, exchange rates, speed, and features to help you choose the best service for your needs in 2026.

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Reviews

Wise Review: Is It the Best Way to Transfer Money Internationally?

The Wise Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.

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Guide to the Canadian Dollar (CAD): Travel, Transfers & FX Tips

The Canadian dollar (CAD) is a major global currency closely linked to commodities and US trade. This guide explains how it works and how to manage CAD FX costs.

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Currency Exchange & Travel Money: Compare Rates Worldwide

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US dollar market update

 

Outlook

The USD remains in a lighter mood as the recent selloff widens on policy fears. The backdrop includes potential US government disruption, concerns about central bank interference, and tariff-related uncertainty, all contributing to elevated volatility. markets are pricing in a path of easing from the Federal Reserve, with expectations of one to two rate cuts toward a neutral policy stance around 3.00%–3.25% in 2026 (per IG). In addition, upcoming US labor market data—Non-Farm Payrolls and unemployment—will be key to confirming or derailing that easing path. Geopolitics added risk last week with U.S. airstrikes in Venezuela and the arrest of senior officials, while Tariff policy uncertainty persists as President Trump delayed tariff increases until January 2027. Oil prices near 90-day highs are another moving part, potentially feeding inflation expectations and influencing risk sentiment. Taken together, the backdrop supports more USD weakness if data remains soft and policy remains accommodating, but any surprising hawkish signal, or a shift in geopolitical or tariff dynamics, could snap USD weakness and push the dollar higher.

Key drivers

  • Federal Reserve policy expectations: markets anticipate one to two rate cuts toward a neutral stance around 3.00%–3.25% in 2026, shaping USD direction by reducing the yield advantage versus peers.
  • US labor market data: upcoming Non-Farm Payrolls and unemployment figures will influence views on the pace and durability of Fed easing.
  • Geopolitical tensions: recent U.S. actions in Venezuela and related political developments add risk and can create fresh USD volatility.
  • Tariff policy uncertainty: tariff delays into 2027 reduce near-term trade risk but keep longer-term policy bets unsettled.
  • Oil price movements: Oil at 66.67, near 90-day highs, up 5.8% versus the 3-month average, with a wide 59.04–66.67 range. Oil strength can influence inflation expectations and market risk appetite, with knock-on effects for USD and its major pairs.

BestExchangeRates.com keeps you up-to-date on US dollar forecasts by collating the views of reliable FX forecasters and economists together with recent USD price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.