Loading...

USD

United States Dollar – Daily Market Updates with latest USD exchange rates, charts and rate changes in the major USD cross currency pairs for the last day, week and quarter. This allows you to take advantage of any market moves plus the low margins from our online currency and foreign payment partners to ensure you get the best possible exchange rates deals.

 

Coronavirus panic drives US dollar strength

Currency rates were extremely volatile last week as the coronavirus situation worsened day by day with various countries implementing ever-tougher measures to stop the spread of the disease.

Last update: 23 Mar, 2020

Coronavirus spread fears linger – USD strong – AUD at 11 year lows

This week the US Dollar was touching three-year highs when valued against a basket of major currencies. The greenback’s traditional role as one of the safe-haven currencies is helped by a domestic economy that is largely immune to the threats of the coronavirus.

Last update: 22 Feb, 2020

Coronavirus unnerves currency markets

The strong start to the year for “risk-on” currencies is already a distant memory.

Posted: 3 Feb, 2020

New Year Optimism Retreats on US/Iran Tension

The threat of a proxy war between the US and Iran in Iraq has pared back some of the recent gains of “risk-on” currencies.

Last update: 8 Jan, 2020

AUD/GBP Between a Rock and a Hard Place – USD Strength

AUD/GBP versus AUD/USD and GBP/USD

Both the Australian dollar and British pound sterling have had a hard time of late caught between the rock of the China/US trade war and the Brexit hard place.

Last update: 7 Jan, 2020

Australia Cuts Interest Rates to Record Low

RBA Australian dollar AUD currency news and forecasts

The RBA has cut Australian interest rates to a record low of 1 percent in an effort to boost inflation. The Australian dollar is slightly stronger following the widely expected decision but is expected to lose 5–7 percent of its value before year-end.

Last update: 7 Jan, 2020

GBP’s Bright Start to the Year Is a Distant Memory

The British pound was the worst-performing major currency in the April-June period and remains “impossible to forecast” amid a Tory leadership battle that might force “no deal” or a general election.

Last update: 30 Jun, 2019

Australians Swerve Thai Holidays with Exchange Rates in the Gutter

With AUD-THB at a 10-year low, Australians travelling this year to Thailand’s wildly popular resorts are facing holiday costs 50 percent higher than those paid in 2012. With exchange rates as they are, those in Oz are choosing better-value destinations.

Last update: 23 Jun, 2019

Canadian Dollar in the Spotlight After Surging to 16-Week High

Lifted by oil, economic data and the Fed, the Canadian dollar has soared against the US dollar to a 16-week high and has reached even more impressive milestones against the pound, euro and Australian dollar.

Last update: 20 Jun, 2019

Booming Commodities Can’t Save Australian Dollar

The Australian dollar is at or near multi-month lows against a number of major currencies in spite of a rampant iron ore market — once a great influence on AUD.

Last update: 15 Jun, 2019

Sterling Nears 5-Month Low Versus Euro

The UK economy is shrinking, as is the pound, which is buying less than 1.12 euros for the first time since mid-January. Investors are becoming increasingly unsettled over Brexit, particularly with Boris Johnson a hot favourite to become the UK’s next prime minister.

Last update: 11 Jun, 2019

US Dollar at 10-Week Low After Payrolls Disappoint; Fed Rate Cuts Now a Certainty

Investors dumped the US dollar on Friday after US jobs data came in well short of estimates and cemented expectations for lower US interest rates. In the coming months, the greenback might maintain its value based on safe haven inflows and looser monetary policies in other parts of the world.

Last update: 7 Jun, 2019

Australia Cuts Interest Rates for the First Time in 3 Years

The Australian dollar remains stable in the high US$0.69s following the RBA’s decision on Tuesday to cut Australian interest rates to a record low of 1.25 percent.

Last update: 4 Jun, 2019

ANZ Slashes Aussie Dollar Forecast to 65¢

ANZ has slashed its Q4 2019 forecast for the Australian dollar to $0.65, from $0.70, citing the “enduring” nature of the US-China trade war as its reason to be bearish.

Posted: 1 Jun, 2019

Pound Could Be 10 Percent Higher at Year-End as No-Deal Brexit Risks Overblown

GBP Pound Sterling Brexit Deal on Financial Services

A “no deal” Brexit remains highly unlikely according to experts at Goldman Sachs and ING, and as such the pound is grossly undervalued and could rise strongly from current levels.

Last update: 31 May, 2019

SGD, MYR at 6-Month Lows After Singapore, Malaysia Added to U.S. Currency Watchlist

The currencies of Malaysia and Singapore were trading at 6-month lows against the dollar on Wednesday following news that the US had added the Southeast Asian nations to its watchlist of suspected currency manipulators.

Last update: 29 May, 2019

SWIFT Trials Real-Time Transfers in Europe; GPI Network an Answer to Ripple

The operator of the world’s largest financial messaging system, SWIFT, has said it will trial real-time “gpi” cross-border payments using the European Central Bank’s TIPS platform. SWIFT gpi has been developed as an answer to distributed ledger payment technologies, most notably Ripple.

Last update: 29 May, 2019

Westpac Cuts Australian Dollar Forecasts, Expects Interest Rates to Halve This Year

The struggling Australian dollar will lose a further 5 percent of its value against the US dollar and pound before the year is out, and 3 percent against the euro and New Zealand dollar, Westpac predicted on Friday.

Last update: 25 May, 2019

Expensive Holidays for Brits After Pound Slips for Record 13th Day; What Next?

The British pound fell on Wednesday for a record thirteenth consecutive day against the euro. The currency is taking a Brexit-induced beating days before May’s half-term school break — a popular time in the UK for family holidays.

Last update: 25 May, 2019

Aussie Dollar Might Reach 10-Year Low of 65¢ After Decline Accelerates

The Australian dollar is now worth only 68.6¢ after another week of heavy losses, and now one senior analyst has predicted exchange rates in the “mid-60s” this year – rates not seen since 2009.

Posted: 18 May, 2019

Banks Fined €1.1 Billion for Currency Manipulation

Five banks have been fined a collective €1.07 billion by the European Commission for running a “cartel” that manipulated foreign exchange rates for financial gain.

Posted: 16 May, 2019

Sterling in Trouble: Eighth Day of Losses Takes GBP to 3-Month Low

The British pound fell on Wednesday towards a 3-month low against the euro and US dollar as attention turned back to Brexit and after lower-than-expected wage growth lessened prospects for a Bank of England rate hike.

Last update: 15 May, 2019

Australian Dollar at 4-Month Low After China Announces Tariff Retaliation

The US-China trade war is hotting up and that’s bad news for the Australian dollar, which slipped on Monday to a 4-month low against the dollar, euro and yen.

Last update: 13 May, 2019

Canadian Dollar Shockingly Undervalued, Analysts Say

The Canadian dollar might be worth considerably more towards the end of this year based on research by Scotiabank analysts who describe the currency as being “egregiously” undervalued.

Last update: 13 May, 2019

Australian Dollar Leaps as RBA Stands Firm on Interest Rates

RBA Australian dollar AUD currency news and forecasts

The RBA left interest rates on hold at 1.5 percent on Tuesday, spurring big gains for the Australian dollar, which had slipped beforehand to long-term lows against several major currencies. Roughly half of economists had expected rates to be cut by 25 basis points.

Last update: 7 May, 2019

OFX Global Currency Account – BER Review

OFX Global Currency Account – Independent BER Review OFX Global Currency Account: A Summary OFX has a 30-year history and is one of the largest foreign exchange specialists in the world. It offers a “Global Currency Account” that allows online sellers to hold, send and receive funds in GBP, EUR, USD, AUD, CAD and HKD. […]

Last update: 1 Jul, 2019

AUD/INR: A Perfect Storm for a Higher Exchange Rate

Seasonal weakness, election uncertainty, strong technical support and oil market complications should be more than sufficient to spur an AUD/INR rally into mid-year.

Last update: 10 May, 2019

British Pound in Great Form with Brexit Troubles Fading

Constructive Brexit talks between UK politicians have imparted a sense of renewed optimism that has lifted the British pound to a 2-week high against the dollar and to a 3-week high against the euro.

Last update: 3 May, 2019

Australian Dollar Holds Firm at US70¢ Despite “Indisputable” Case for Rate Cut

The case for an interest rate cut by the Reserve Bank of Australia will be “indisputable” by August, Westpac said on Monday, but despite economic pessimism, the Australian dollar refuses to weaken below US70¢.

Last update: 29 Apr, 2019

India Pursues Complete Ban on Digital Currencies

Cryptocurrencies and the blockchain technologies that support them are at the forefront of remittance-industry innovations, but these are under attack in India, where a complete crypto ban will be proposed in May.

Last update: 7 May, 2019

Dollar Turbocharged by Economic Data; At Long-Term High Versus Euro, Franc and Krona

A turbocharged US dollar is likely to be “stronger for longer” after reaching long-term highs against a host of major currencies, including the euro, Swiss franc and Swedish krona.

Last update: 25 Apr, 2019

Aussie dollar in the trenches after low inflation result

The RBA has resisted cutting interest rates lower than the record 1.5 per cent, however, this week’s lower than expected inflation data could make a cut inevitable.

Last update: 11 May, 2019

Swiss Franc Slumps to 6-Month Low Versus Euro

The Swiss franc continued its shocking run of form on Tuesday, slipping against the euro to its weakest level in 6 months.

Last update: 23 Apr, 2019

8 Percent Drop Coming Soon for Australian Dollar; RBA “Wants a Weaker Currency”

HSBC has reaffirmed its US66¢ year-end forecast for the Australian dollar, thereby signalling an upcoming 8 percent slide in the world’s fifth most traded currency.

Last update: 22 Apr, 2019

SGD/MYR at 17-Month High; Ringgit Slumps on FTSE Index Deselection

What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.

Last update: 18 Apr, 2019

Commodities Boom Will Take Australian Dollar to US$0.74

The Australian dollar is forecast to climb to US$0.74 in the coming months, supported by a commodities boom that has seen the price of Australia’s largest export, iron ore, climb to a 5-year high.

Last update: 15 Apr, 2019

Brexit This Year Now a Toss-Up, Bookmakers Say; What Next for Pound?

GBP Pound Sterling Brexit Deal on Financial Services

With the chance of a 2019 Brexit now reduced to 50 percent, the pound’s value is likely to remain capped for the time being, most likely near US$1.34, experts say. On the downside, US$1.24 is likely should the latest Article 50 extension be used to hold a UK general election.

Last update: 7 Jun, 2019

Euro to Sink to US$1.08, Says ANZ

The euro hasn’t traded as low as US$1.08 since the early portion of 2017, but that’s where we’re heading within the next 3 months, analysts at ANZ believe.

Last update: 7 Apr, 2019

AUD/NZD at 10-Week High and “Likely to Run Higher From Here”

The Australian dollar-New Zealand dollar exchange rate rose on Friday to a 10-week high as traders continue to make bets on monetary policy divergence between the RBA and RBNZ. Even higher rates are expected by teams at TD Securities and Societe Generale.

Last update: 5 Apr, 2019

Bitcoin More Popular Than Visa, MasterCard for Large Payments; Recent Price Surge Only the Beginning (DataLight)

Research has highlighted the popularity of bitcoin for large payments, including those across borders. By transaction volume, bitcoin has nearly caught up with Mastercard and may in future overtake the market leader, Visa. In the markets, bitcoin’s sudden surge earlier this week is yet to be explained.

Last update: 4 Apr, 2019

Get Ready for Sterling’s “Big Finish”; Australian Dollar at 2-Week Low

GBP British pound sterling currency news and forecasts Brexit

Goldman Sachs is backing British MPs to soon find a way through the current political deadlock, after which a “big finish” is expected by the British pound. Meanwhile, pessimism surrounds the Australian and New Zealand dollars, both of which have fallen to multi-week lows.

Last update: 2 Apr, 2019

Banks Bet Against Aussie, Kiwi Dollar

For much of this year, banks have been betting on further Australian dollar deprecation, but after last week’s RBNZ shocker, they have also given a thumbs down to the New Zealand dollar.

Last update: 30 Mar, 2019

Shocking Loss for New Zealand Dollar After RBNZ Says a Rate Cut Most Likely

The New Zealand dollar plummeted on Wednesday after the RBNZ said its next move on interest rates was likely to be a cut.

Last update: 27 Mar, 2019

Benign Brexit Outcome Most Likely; Pound to Strengthen, Says Bank of America

British Pound Currency News and Forecast

Developments this week make a “benign Brexit outcome” the most probable and offer reason enough to be favouring British pound appreciation for the foreseeable future, analysts at Bank of America Merrill Lynch have said.

Last update: 26 Mar, 2019

Australian Dollar: Last Week’s Price Action Suggests Further Declines

Given what should have been obvious advantages, the Australian dollar’s inability to gain against the US dollar last week is an ominous sign that suggests further Aussie depreciation in the near term.

Last update: 26 Mar, 2019

US Dollar Plunges After Fed Signals No Rate Hikes This Year

The US dollar crumbled on Wednesday after the Federal Reserve signaled it would keep interest rates unchanged throughout 2019, thereby backtracking on the two rate hikes it predicted in December.

Last update: 20 Mar, 2019

TransferWise Borderless Account – BER Review

TransferWise’s Borderless 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.

Last update: 16 May, 2019

CBOE Ditches Bitcoin Futures Amid Reduced Interest

Amid declining interest, the Chicago Board Options Exchange, or CBOE, has announced it will no longer offer bitcoin futures contracts once current contracts expire in June.

Last update: 19 Mar, 2019

Canadian Dollar to Lose a Further 5 Percent, Will Soon Buy Only US$0.71 (TD Securities)

Prospects for the Canadian dollar have turned “considerably to the downside” and the currency is likely to lose 5 percent of its value this year, TD Securities has said.

Last update: 19 Mar, 2019

Pound Falls From 21-Month High After Doubts Cast on May’s “Legally Binding” Assurances

GBP British Pound Sterling Exchange Rate Forecast Brexit

The pound fell rapidly away from long-term highs on Tuesday morning after Britain’s Attorney General said that the “legally binding” assurances secured on Monday night by Theresa May merely “reduced the risk” of the UK being trapped in a permanent backstop.

Last update: 19 Mar, 2019

Australian Dollar, Euro Get Lift from “Too Bad to Be True” US Data

US jobs growth of only 20,000 in February, versus expected growth of 180,000, has allowed rest-of-the-world currencies to claw back ground against the US dollar which, until Friday, had been on a stellar run.

Last update: 9 Mar, 2019

Canadian Dollar Still Friendless After GDP; Fair Value Much Lower

canadian-flag-Canadian-dollar-news-best-exchange-rates

After a friendless Friday, the Canadian dollar has continued to lose value at the start of the new week. Now worth C$1.332 per USD, the loonie is at a 12-day low, but it has far further to fall if CIBC’s fair value estimation of C$1.4 is anything to go by.

Last update: 4 Mar, 2019

JP Morgan: Aussie Dollar to Face Hard Times If No Let-Up in Housing Decline

Investors should expect the Australian dollar to face “global scrutiny” and “material downward pressure” should conditions in Australia’s housing market continue to deteriorate, JP Morgan’s head of FX has said.

Last update: 2 Mar, 2019

Order Online for Cheap Currency Exchange Deals in USA

We show you how to Pre-order foreign cash online for better currency exchange rates and save money for your next trip.

Last update: 18 Feb, 2020

Sterling Leaps to 21-Month High on Prospects of Brexit Delay, Second Referendum

The British pound has hit a 21-month high against the euro following increased speculation of a delayed Brexit and after Britain’s opposition party leader said he would now back a second referendum on EU membership.

Last update: 26 Feb, 2019

Australian, New Zealand Dollars Rise Most on Hopes for US-China Trade Deal

The Australian and New Zealand dollar currencies have been the best performing majors in recent days. Each has gained nine-tenths of a cent against the US dollar since Thursday, with appreciation fuelled by the market’s upbeat mood towards a potential US-China trade agreement.

Last update: 26 Feb, 2019

Pound at 2-Week High Ahead of May-Juncker Brexit Meeting

The British pound was in high demand on Tuesday ahead of an important meeting between British PM Theresa May and EU officials, at which investors are hoping for a Brexit breakthrough.

Last update: 23 Feb, 2019

Euro to Strike 20-Month Low This Week; $1.12 Beckons

Those intending to pick up euros this week should consider heeding warnings offered by MUFG. The bank expects the euro to move towards cheaper levels in the coming days and it would therefore be unwise to pay rates offered on Monday.

Posted: 18 Feb, 2019

HSBC Cuts Australian Dollar Forecast; Aussie to Buy Only US66¢ at Year-End

Australian Dollar News and Forecasts

The forecast is stormy with the embattled Australian dollar set to lose a further 7 per cent of its value and end the year buying only US66¢, analysts at HSBC have said. A decline into the mid-60s would have the Aussie trading at levels not seen in a decade.

Last update: 10 May, 2019

New Zealand Dollar Jumps After RBNZ Says It Won’t Lower Interest Rates

The New Zealand dollar leapt on Wednesday in response to the latest remarks from the RBNZ, which said that interest rates in New Zealand would not be lowered this year or next, wrong-footing investors who had adjusted FX positions to account for lower rates.

Last update: 26 Feb, 2019

Dollar Optimism Drives Markets

Against a basket of currencies, the US dollar struck an 8-week high on Tuesday after US lawmakers reached an agreement on border security funding and as hopes build for a breakthrough in US-China trade talks.

Posted: 12 Feb, 2019

Cryptocurrencies Soar: Litecoin Gains 30 Percent

Cryptocurrencies exploded on Friday for reasons not fully understood by analysts. Litecoin was among the day’s stars, gaining 30 percent. Brokers, though, remain skeptical about the rally’s sustainability.

Last update: 12 Feb, 2019

Tough Week for Australian Dollar as RBA Disappoints on Growth, Interest Rates

Australian dollar AUD price chart news and forecast

Further losses on Friday cemented the Australian dollar’s status as the week’s worst performing major currency. Depreciation has been driven by Australia’s central bank, which has slashed forecasts for 2019/20 economic growth and signaled it could lower interest rates.

Last update: 8 Feb, 2019

Pound Rejects Lower Prices After Bank of England Slashes Growth Forecast

The pound rejected sub-US$1.29 levels on Thursday even after the Bank of England slashed growth forecasts, indicating underlying strength. Analysts say that the pound will rally to buy US$1.40 should Theresa May secure the EU concessions needed to pass her Brexit withdrawal agreement.

Last update: 8 Feb, 2019

Australian Dollar in the Headlines This Week; Latest RBA Forecasts Due

RBA Australian dollar AUD currency news and forecasts

With a number of Australian data releases, RBA statements and forecasts on the economic calendar, the Australian dollar is likely to be in the headlines this week, for good or bad.

Last update: 3 Feb, 2019

Canada’s Largest Crypto Exchange Files for Bankruptcy

Canada’s largest crypto exchange, QuadrigaCX, has filed for bankruptcy. Additional bad news for the crypto industry was hardly needed given cryptocurrency prices 80 percent below 2018 peaks. Price predictions are now “pointless,” one analyst says.

Posted: 2 Feb, 2019

Pound Reverses from 3-Month High After MPs Reject a Delayed Brexit

GBP British pound sterling currency news and forecasts Brexit

The pound is back trading in the US$1.30s after British MPs rejected a proposal to delay the UK’s exit from the European Union, which analysts say increases the likelihood of “no deal.”

Last update: 30 Jan, 2019

AUD Steady Ahead of Inflation, FOMC and Trade Talks

The Australian dollar was little changed on Tuesday despite what should be AUD-supportive remarks from an RBA board member. The Aussie remains subdued ahead of important inflation data, a Fed meeting and a second round of trade talks between the US and China.

Last update: 29 Jan, 2019

Investors Ditch US Dollar Ahead of Fed Meeting; GBP/USD at 15-Week High

US Dollar Currency News and Forecast Federal Reserve

The US dollar recorded its largest one-day fall in nearly 3 months on Friday as the attention of traders turned back towards an increasingly cautious Federal Reserve.

Last update: 26 Jan, 2019

Researchers Make Sweeping Cuts to Australian Dollar Forecasts

Within recent days, a host of experts have cut forecasts for the Australian dollar, indicating a new wave of pessimism on what is already the past year’s worst-performing major currency.

Last update: 7 Jun, 2019

Euro Struggles on Increased Recession Risk; Rand Outlook Worsens After Central Bank Changes Tune on Interest Rates

The euro is under siege following disappointing data and news this week that Germany barely escaped a recession in 2018. The ECB will now wait longer before raising interest rates, analysts say; however, EUR/USD will still end the year higher. In South Africa, a prediction by the country’s central bank that interest rates will be raised only once before 2021 put an end to the rand’s great start to the year.

Last update: 19 Jan, 2019

Australian Dollar to Get “Crucified,” Analyst Says

The Australian dollar could lose as much as 30 percent of its value if a bold prediction from a BNP Paribas researcher is anything to go by. Prominent risks to the Aussie include a Chinese economic slowdown and a deterioration in Australia’s housing market.

Last update: 24 Jan, 2019

Pound Fights Back on Hopes for Soft Brexit; Thai Baht at Long-Term Highs

Despite a crushing defeat for Prime Minister May’s Brexit deal on Tuesday night and a motion of no confidence tabled against the British government—which the government survived on Wednesday—the pound is close to multi-week highs. In emerging markets, the Thai baht remains an outperformer.

Last update: 17 Jan, 2019

Sterling at 7-Week High Ahead of Important Brexit Vote

GBP British Pound Sterling Exchange Rate Forecast Brexit

Ahead of Tuesday’s “meaningful vote” on the Brexit withdrawal agreement, the British pound has strengthened to a 7-week high against the dollar—evidence that investors are increasingly optimistic that a soft Brexit can be achieved.

Last update: 17 Jan, 2019

Euro Fails in Breakout Attempt, Has Mixed Outlook in 2019

Late last week, EUR/USD failed to hold gains above $1.15, disappointing traders who had hoped for a big breakout. For 2019, experts still believe in higher EUR/USD rates, although the euro will likely lose value relative to the pound on any soft-Brexit options. In the short term, too, it may be in trouble.

Last update: 12 Jan, 2019

Australian Dollar, Canadian Dollar to Outperform; Yuan at 5-Month High

The Australian dollar has rallied strongly following last Thursday’s “flash crash” and, like the Canadian dollar, is expected to outperform its peers in the near term. Investors remain willing to take on risk but the US dollar remains soft. In Asia, the yuan is expected to weaken beyond ¥7 within the next 6 months.

Last update: 11 Jan, 2019

Outlook for Singapore Dollar Is Bright; Swiss Franc Strong In Spite of Ultra-Loose SNB

The Singapore dollar weakened on Tuesday but is forecast to be the best performing Asian currency in 2019. In Europe, political uncertainties have driven funds into the Swiss franc, elevating its price. The SNB has re-affirmed its commitment to market interventions, which means EUR/CHF at Fr1.1 will be a difficult nut to crack.

Last update: 8 Jan, 2019

USD Nears Peak; Oil Rebound to Send CAD Higher, INR to Record Low

For the US dollar, analysts are predicting significant weakness in 2019. In contrast, the Canadian dollar will likely strengthen amid an energy market rebound, but under the same conditions the Indian rupee will slide to a record low. Cryptocurrencies, meanwhile, are trading higher but fail to inspire confidence.

Last update: 7 Jan, 2019

Aussie Recovers Following “Flash Crash” but Downtrend Intact

The Australian dollar is back trading in the high $0.69s following a wild and rocky Wednesday night. In just a few minutes, a market “flash crash”—blamed on a surprise earnings warning from Apple and thin liquidity—had taken the Aussie down 3.2 percent to a 10-year low of $0.675.

Last update: 3 Jan, 2019

The Yen Is Flying; AUD/JPY, CAD/JPY at Lowest Since 2016

Japanese Yen JPY Currency News and Forecasts

The yen has entered the New Year in much the same form it exited 2018. It climbed on Wednesday to fresh long-term terms highs against many major currencies and is predicted to strengthen further in both the short and long term.

Last update: 26 Feb, 2019

Pound to Rebound Higher in 2019, Says SEB; No-Deal Brexit Unlikely

2019 will be a good one for the British pound, thinks a foreign exchange analyst at SEB. Recent depreciation is overdone, the analyst says, and will be corrected once markets begin to price in the improbability of a no-deal Brexit. Investors should expect a GBP/EUR rally into the mid-€1.17s or higher.

Last update: 3 Jan, 2019

Undervalued Australian Dollar Higher in 2019 (CIBC); Franc, Yen at Multi-Month Highs on Haven Demand

There’s been no letup over Christmas for the Australian dollar, which continues to threaten the 70-US cents handle. The Aussie may appreciate as high as 78 cents in 2019, an expert has said. Meanwhile, safety-driven inflows have forced the franc and yen much higher, but oil prices continue to weigh heavily on the Canadian dollar.

Last update: 29 Dec, 2018

Where Goes Bitcoin in 2019?

2018 was the year that the bitcoin dream came crashing down. The bubble that many had suspected was building in 2017 was realised and the most well-known of digital currencies lost 80 percent of its value. For 2019, prices might sink as low as $1,500, experts say, but might rally in the second half of the year.

Last update: 3 Jan, 2019

Stock Market Rout Sends Australian Dollar Tumbling

Against the US dollar, the Australian dollar fell on Friday to within 0.1 percent of October’s low, a break of which will take the currency to its lowest level in more than 2 ½ years. Investors dumped the risk-sensitive Aussie after heavy selling in equities markets and as a US government shutdown became increasingly likely.

Last update: 22 Dec, 2018

US Dollar Posts Worst Day in 7 Weeks After Fed Cuts Interest Rate Forecasts

US Dollar Exchange Rate News and Forecasts Currency USD

The US dollar was sold heavily on Thursday in the aftermath of midweek announcements by the Federal Reserve. Though the Fed raised US interest rates by 25 basis points, as widely expected, it lowered its expectations for rate hikes in 2019, to the disappointment of dollar investors.

Last update: 20 Dec, 2018

Australian Dollar Lacks Inspiration Following RBA Minutes, Looks Cheap Versus CAD, JPY

The Australian dollar continues to stagnate in the aftermath of Monday’s RBA meeting minutes and ahead of this week’s meeting of the US Federal Reserve. Barring surprises, the Aussie is likely to remain well supported against the British pound, Canadian dollar and Japanese yen.

Last update: 18 Dec, 2018

US Dollar Strikes 18-Month High, Will Lose Value in 2019

Against a basket of currencies, the US dollar climbed on Friday to an 18-month high as investors sought safer assets in the aftermath of disappointing economic and political developments in Europe and China. Given a growing consensus for dollar weakness in 2019, now might mark an opportune moment for exchanging dollars into foreign currency.

Last update: 14 Dec, 2018

AUD/USD Forecast at $0.75 in 3 Months’ Time; Potential for Extreme AUD/GBP Moves on Wednesday

Australian Dollar News and Forecasts

The Australian dollar has offered broad stability in recent days—a welcome change from last week’s sharp decline. The Aussie will likely trade higher over the coming months, Goldman Sachs has said, although anything goes for AUD/GBP on Wednesday as a vote of no confidence in the British Prime Minister takes place.

Last update: 12 Dec, 2018

Pound at 20-Month Low After PM Cancels Big Brexit Vote; UK Prepares for No-Deal

The British pound was hammered on Monday following news that a House of Commons vote on the proposed EU withdrawal agreement has been cancelled. Against the US dollar, sterling fell to its lowest level since April 2017.

Last update: 10 Dec, 2018

Big Bank Rolls the Dice on British Pound, Is a Buyer Ahead of Crucial Brexit Vote

Credit Agricole is seemingly rolling the dice on the British pound ahead of a hugely important vote in the House of Commons on Tuesday—a vote that will likely shape the nature of Brexit. Via the options market, the French bank is betting on an increase in the pound’s value.

Last update: 22 Dec, 2018

Canadian Dollar the Star After Canada Adds 94k Jobs; Expect Bitcoin at $1,500

canadian-flag-Canadian-dollar-news-best-exchange-rates

The Canadian dollar made widespread gains on Friday after Canada announced its largest increase in employment in 6 years. Meanwhile, the Australian dollar fell for a fifth day and cryptocurrencies continue downwards. In the absence of more robust earnings growth, traders shouldn’t expect much from the US dollar, CIBC has said.

Last update: 7 Dec, 2018

Canadian Dollar at Cheapest in 18 Months; Buy It Now Ahead of 2019 Rebound

Canadian Dollar News and Forecast CAD

The Canadian dollar fell sharply following Wednesday’s meeting of the Bank of Canada, at which the Bank appeared to imply that interest rates would rise at a slower pace than previously expected. The loonie will, though, see a great deal of support in 2019, experts have said.

Last update: 5 Dec, 2018

More Good News for Aussie, Kiwi; Not So Great for Bitcoin

The Australian and New Zealand dollar currencies gapped higher on Monday after the US and China agreed this weekend to suspend new tariffs on goods worth several hundred billion dollars. Meanwhile, bitcoin sank back below $4,000.

Last update: 3 Dec, 2018

Pound to Lose 25 Percent on Disorderly Brexit, Bank of England Warns

The British pound weakened against all major currencies on Thursday, a day after the Bank of England offered a stark warning on Brexit. Under a “no deal” outcome, sterling will lose between 15 and 25 percent of its value, the Bank said.

Last update: 29 Nov, 2018

USD Slumps as Fed Signals Less Rate Hikes Ahead; AUD, NZD to Benefit Most

In a speech on Wednesday, Fed Chairman Jerome Powell signalled that US interest rates are close to “neutral.” As a result, the US dollar suffered one of its sharpest intraday falls this year.

Last update: 28 Nov, 2018

Australian Dollar Worth 5 Percent More by Mid-2019 (CIBC)

In a note to clients this week, CIBC predicted a rise in the Australian dollar to $0.76 by mid-2019. The forecast represents appreciation of 5 percent from Monday afternoon’s quote of $0.724 and will be driven by higher Australian wages, the bank says.

Last update: 26 Nov, 2018

Will the Swiss Franc Be Shaken by Populist Referendum?

A referendum in Switzerland on Sunday will ask whether Swiss law should take precedence over international laws, particularly those coming from the EU. A vote by the people to take back legislative control would undoubtedly weaken the Swiss franc.

Last update: 24 Nov, 2018

Analysts Agree, Bitcoin to Fall Much Further from Here

Bitcoin is on its knees, and rather than suggesting, as they once did, massive “high value” buying opportunities, analysts as a collective are becoming increasingly bearish on bitcoin’s future and on non-government-supported digital currencies as a whole.

Last update: 21 Nov, 2018

Australian Dollar and Euro Heading Higher, Experts Say

Weakness in the Australian dollar since Friday is to be short-lived, experts at National Australia Bank have said. A rally in AUD/USD to 0.74 is on the cards, as are politically-driven moves in EUR/GBP and EUR/CHF towards 0.92 and 1.2.

Last update: 20 Nov, 2018

US Dollar to Fall This Week; Thai Baht Under Threat Following Huge GDP Miss

The US dollar slipped last week and is likely to do so again heading into Thursday’s US Thanksgiving holiday. Like the dollar, the Thai baht might weaken once traders have fully digested Monday’s hugely disappointing economic data.

Posted: 19 Nov, 2018

Do NOT follow this link or you will be banned from the site!