FindCurrency.com

By ASP

The Bank of Japan last night warned the country’s growth could be harmed by the continuing Eurozone debt crisis, the flooding in Thailand and the strength of the Yen. The Eurozone crisis has slowed the demand for Japanese goods in Europe. This combined with the disruption to supply chains following the floods in Thailand have resulted in a bleak outlook for the future.

As the JPY continues to strengthen, exporters goods will continue to become more expensive and therefore it is likely even less will be purchased in the coming quarters. If you have a need for JPY in the short terms please contact me on asp@currencies.co.uk

By ASP

This week we have a range of data releases which will dictate where exchange rates go in the short term. Tuesday is a particularily busy day with inflation figures for the UK, interest rate decision minutes for the reserve bank of Australia, GDP figures for Germany and GDP figures for the Eurozone. You can keep track of these data releases via this link. Alternatively please contact me via asp@currencies.co.uk to set up an account and be kept updated with any data releases that could affect your currency transfer.

By ASP

The FED governor Ben Bernanke will be giving a press conference to show how the Federal Reserve Bank views the current state of the US economy and the current value of the USD. These kind of press conferences presented by the heads of central bank normally cause a kneejerk reaction and is likely to determine the short term trend for the USD.

By ASP

On Thursday 10th November the Bank of England will release their interest rate decision. This is also the time they would announce any further quantative easing if any. Last montht the BoE kept interest rates on hold at 0.5% and i would expect them to do the same this week, equally i wouldn’t expect further Quantative Easing following last months £75bn program. However in recent months we have seen many unexpected data releases and if you have any currency to buy currently it may be worth taking advantage of market order to mitigate any on-going risk you have.

By ASP

Today will see the release of the Federal Reserve Interest Rate Decision. Current rates are at 0.25% and although it isn’t expected to change, the uncertainty in the Eurozone may cause a change in plans and any rate hike would cause market volatility.

To be kept up to date on how data releases can affect your currency requirements please register for an account manager here or e-mail me at asp@currencies.co.uk