Currency Converter

Currency Converter



Wednesday, July 31, 2024

Bank of Japan Announces Several Policy Changes

Just four months ago, the BOJ made a baby step toward normalizing its ultra-loose monetary policy, ending the negative 0.1% short-term interest rate that had prevailed since January 2016, lifting such to 0.0-0.1%. By a 7-2 margin with two dissents in favor of another baby step, the short-term call rate was raised to 0.25%, as […]

* This article was originally published here

Friday, July 26, 2024

Awaiting U.S. PCE Price Deflator

Recent equity losses were trimmed ahead of the U.S. open in a bout of bottom-fishing. Share prices closed up 0.9% in Indonesia and 0.8% in South Korea and Taiwan. U.S. stock futures and equity futures in Germany, the U.K. and France are up, too. But Taiwan, which had been closed, saw a slump of 3.3%. […]

* This article was originally published here

Wednesday, July 24, 2024

Pound Sterling to Dollar Exchange Rate Forecasts Live: 1.18-1.25

Danske Bank forecasts a Pound to Dollar (GBP/USD) exchange rate slide to 1.18 on a 12-month view. Credit Agricole expects GBP/USD to be held at 1.25 at the end of...

* This article was originally published here

Monday, July 22, 2024

Pound Sterling Today: Traders Prepare for Seismic UK, French and US Elections

The Pound to Dollar exchange rate is trading close to 3-week highs ahead of major economic and political developments on both sides of the Atlantic. After the...

* This article was originally published here

Thursday, July 18, 2024

Coming Week’s Menu: July 14-19, 2024

Central Banks: Interest rate polices will be reviewed in South Africa, Turkey, Indonesia and Egypt as well as by the Governing Council of the European Central Bank. The Federal Reserve publishes its latest Beige Book of regional economic trends, and Chairman Powell heads a lengthy list of Fed officials scheduled to speak publicly including Bowman, […]

* This article was originally published here

Wednesday, July 17, 2024

Pound to Dollar Exchange Rate "Dragged" Lower with Euro

The Pound to Dollar (GBP/USD) exchange rate has crawled away from 6-week lows at 1.2613, but has not been able to make much headway as the dollar remains...

* This article was originally published here

Monday, July 15, 2024

French Election Shock: Pound to Euro Rate Hits 10-Day Best as One Fear Replaced by Another

The Pound to Euro (GBP/EUR) exchange rate hit 10-day highs at 1.1850 in an immediate response to the French election before settling around 1.1825. Ahead of the second...

* This article was originally published here

Saturday, July 13, 2024

BoE and Pound Sterling Outlook: Odds of an August Cut Increase to 60%

The BoE kept rates on hold as expected. While there was no commitment to a cut in August, the tone was dovish and markets are now 60% pricing it in. Elsewhere,...

* This article was originally published here

Wednesday, July 10, 2024

GBP/EUR 3-Week Exchange Rate Lows After French Election First Round

The Pound to Euro (GBP/EUR) exchange rate retreated to 3-Week lows around 1.1775 after the French election results. There was some relief on expectations that the...

* This article was originally published here

Sunday, July 7, 2024

Pound to Dollar Week Ahead Forecast: Three Week Best Conversion Rate to Hold?

The Pound to Dollar (GBP/USD) exchange rate strengthened to 3-week highs above 1.2800 on a combination of weaker dollar and positive reaction to the UK General...

* This article was originally published here

Friday, July 5, 2024

Pound Election Update: Sterling Retreats to 10-Day Lows vs Euro

The Pound to Euro (GBP/EUR) exchange rate has continued to drift lower with a decline to 10-day lows around 1.1815 amid stronger expectations that the Bank of England (BoE)...

* This article was originally published here

Thursday, July 4, 2024

Next Week’s Menu: June 29-July 5, 2024

Central Banks: Policy meeting is scheduled at the National Bank of Romania. Minutes will be published of prior policy meetings at the Federal Reserve, European Central Bank and Reserve Bank of Australia. The Bank of Japan’s quarterly Tankan survey of corporate perceptions and expectations will be released. Special Events and Holidays: The week ahead is […]

* This article was originally published here

Monday, July 1, 2024

Pound to Euro Exchange Rate Forecast: 1.19 Lost?

The Pound edged higher after the latest UK inflation data. The evidence of further sticky services-sector inflation increased doubts whether the Bank of England would cut...

* This article was originally published here