Currency Converter

Currency Converter



Thursday, May 2, 2024

April 2024 in Figures

In April, 10-year sovereign debt yields rose roughly as much, and in the U.S. case more, than in the whole first quarter. Central bank short-term interest rates were not changed in any of the central banks featured in the table below but fell by 20 percentage points in Argentina, 200 basis points in Kyrgyzstan, 100 […]

* This article was originally published here

Wednesday, May 1, 2024

Pound to Euro Week Ahead Forecast: 1.1240-1.2050 12-Month Ranges

Foreign exchange strategists at Danske still expect the Pound to Euro (GBP/EUR) exchange rate will slide to 1.1240 in the next twelve months. In contrast, BNP Paribas...

* This article was originally published here

Tuesday, April 30, 2024

Pound to Dollar Week Ahead Forecast: Seasonal Trends in April to Support Sterling

Foreign exchange strategists at Nordea expect that the Pound to Dollar exchange rate (GBP/USD) will secure a limited advance to 1.29 at the end of 2024. MUFG and...

* This article was originally published here

Friday, April 26, 2024

Investors Reacting to Several Different Factors

The International Monetary Fund gave a thumbs down to the growing consideration by Japanese officials of implementing currency market operations to blunt yen weakness. Japan’s currency is hovering at its weakest levels against the dollar since 1990, and Japanese CPI inflation has exceeded the 2.0% central bank target since April 2022. Nonetheless, the IMF warns […]

* This article was originally published here

Thursday, April 25, 2024

Spotlight on Middle East Tensions and Fed Policy Intentions

As promised, Israel responded to Iran’s prior missile attack, but the retaliation thus far has been tempered — just a few drone attacks against an Iranian military base near Isfahan that were shot down. Damages were light, and neither Israeli nor Iranian media are fanning the incident, which provoked initial financial confusion that helped depress […]

* This article was originally published here

Monday, April 22, 2024

Pound to Dollar: Sticky UK Services Inflation Boosts Sterling Exchange Rates

The Pound to Dollar (GBP/USD) exchange rate dipped further to 5-month lows just above 1.2400 on Tuesday before a recovery to 1.2470 after the latest UK data....

* This article was originally published here

Thursday, April 18, 2024

Euro US Dollar Exchange Rate Forecast to Recover to 1.10: Nomura

Following this week̢۪s developments, US Dollar bears have been forced into hibernation. ING has dropped its forecast that the Euro to Dollar (EUR/USD) exchange rate...

* This article was originally published here

Wednesday, April 17, 2024

Euro US Dollar Exchange Rate Forecast to Hit 1.10 in Six Months: Goldman Sachs

Foreign exchange analysts at Danske Bank see scope for the Euro to Dollar exchange rate (EUR/USD) to strengthen to 1.10 on a 2-month view, but forecasts a fresh...

* This article was originally published here

Monday, April 15, 2024

Pound to Euro Exchange Rate Close to One-Week Lows as UK/Euro-Zone Performance Gap Narrows

The Pound to Euro (GBP/EUR) exchange rate dipped to 1-week lows near 1.1650 on Wednesday before a tentative recovery and was held below 1.1660 on Thursday. The latest...

* This article was originally published here

Saturday, April 13, 2024

Why Pound Sterling Should Rise in April and then Fall in May

The Pound to Dollar exchange rate (GBP/USD)was unable to make any headway into the New York open, but received a significant boost after weaker-than-expected US...

* This article was originally published here

Thursday, April 11, 2024

Spectacular U.S. Jobs Report Underscores Superiority of America’s Economy

Whereas share prices have fallen compared to Thursday closing levels by 2.0% in Japan, 1.7% in Spain, 1.5% in Italy, 1.4% in Germany and Great Britain, 1.0% in South Korea, and 0.6% in Australia and Taiwan, the DOW and U.S. S&P 500 show gains of 0.6%, and the tech-intensive Nasdaq index is up 1.1% thus […]

* This article was originally published here

Monday, April 8, 2024

Pound to Euro Rate Slips to 1.166 as BoE Edges Closer to Rate Cut

A slightly more dovish Bank of England policy stance undermined the Pound on Thursday while there were mixed Euro developments. The Pound to Euro (GBP/EUR) exchange rate...

* This article was originally published here

Friday, April 5, 2024

Pound to Euro Exchange Rate Forecast: GBP/EUR Slides as BoE Speculation Builds

The Pound to Euro (GBP/EUR) exchange rate retreated after Thursday̢۪s Bank of England (BoE) policy decision and selling has continued to Friday with markets more confident...

* This article was originally published here

Monday, April 1, 2024

Japanese Finance Ministry Amps Up Threat of Yen Intervention Support

With the yen down 12.5% against the dollar so far this quarter and hovering not far from a its three-decade low, Japanese Vice Minister for International Affairs Masato Kanda made a not-subtle threat of direct intervention purchases of the currency. The weakening of the yen is not in line with fundamentals and is clearly driven […]

* This article was originally published here

Saturday, March 30, 2024

Pound Sterling Drops Against Euro and Dollar on Bank of England Dovish Shift

The British Pound fell against the Euro, US Dollar and other major currencies on Thursday after the BoE kept rates and communication unchanged. The Pound to Euro exchange...

* This article was originally published here