Today’s Foreign Exchange Rates

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Foreign Exchange Update

August 21, 2014Interbank mid-market spot exchange rate indications for transaction amounts greater than US $1 million equivalent - Rates reflect North America a.m. Eastern Time opening levels.

CountryCurrencyExchange Rate
AustraliaDollar$.9295
CanadaDollar1.0940
Czech RepublicKoruna20.9555
DenmarkKroner5.6175
EurolandEuro$1.3280
JapanYen103.6500
MexicoPeso13.0930
New ZealandDollar$.8395
NorwayKroner6.1475
South AfricaRand10.6855
SwedenKrona6.9055
SwitzerlandFranc.9117
UKPound$1.6595

News & Events

August 21, 2014
The Euro hovered near 11 month lows vs the US Dollar in subdued trading overseas. The single currency found some support after German private sector growth came in better than expected. Germany's private sector grew for a 16th straight month this month. Euro gains were limited, however, as France showed business activity was stagnant while the composite Euro Zone survey showed activity slowing in August. Falling German bund yields, declining money market rates and a narrowing Euro Zone current account surplus has kept the Euro on the defensive. The Dollar found additional support after the minutes from the Federal Reserve's July policy meeting sounded slightly hawkish. The Fed minutes showed some members debated whether rates should be raised earlier given the surprisingly strong jobs market recovery, but most officials wanted to see further evidence before their views would change. US treasury yields climbed higher which helped boost the US currency to a 4 month high vs the Japanese Yen. Norway's Crown was higher against the greenback after its GDP beat expectations by growing 1.2% in the 2nd Qtr. Norway's solid growth data added pressure on the Norges Bank to raise rates. US stock futures point to a higher open this morning. Currency markets await comments from Fed Chairwoman Yellen during today's start of the annual central bankers meetings in Jackson Hole.
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