International money transfer service

GBP-USD has fallen in the last two months and remains bearish. Importantly, all the GBP crosses have fallen too, indicating the great pressure on the Pound. ...

EUR/USD reached 1.4900 on expectations that the FED will cut the rates by 50 bsp on next week’s announcement. This week we see several inflationary releases that will give us a sneak peak into next week’s meeting. ...

The Australian dollar regained early losses on Monday after strong domestic data reinforced views that local interest rates were headed higher in the near term, helping offset a bout of risk aversion.
Steadier regional stock markets, aided by talk of capital injection into beleaguered U.S. banks, saw investors return to higher yielding currencies. ...

The number one driver of the US dollar at the moment is interest rates, that is why we continue to focus on how many basis points the Federal Reserve will be shaving off the Fed funds rate at the end of the month. Fed fund futures are now pricing in a close to fifty-fifty probability of a 75bp rate cut. ...

The Dollar continued to struggle against the majors despite finding some support in the beginning of the week. It was not until Chairman Bernanke’s comments mid week that “downside risks to the economy” remain caused investors to price in a possible 50 bps rate cut. ...