Today’s Foreign Exchange Rates

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Foreign Exchange Update

April 23, 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
Czech RepublicKoruna19.8277
New ZealandDollar$.8580
South AfricaRand10.5933

News & Events

April 23, 2014
The Euro edged higher vs the US currency following a jump in the initial reading of a monthly index for business sentiment in Germany. Trading remained subdued in overseas markets as advances by the single currency were capped by the possibility of more monetary stimulus from the European Central Bank. Traders have been wary of ECB officials continued comments over the dangers of further gains by the Euro. ECB President Draghi has made it clear that the Euro's continued strength could trigger further monetary easing. He is scheduled to give a speech tomorrow in Amsterdam. The safe haven Japanese Yen pushed through some technical resistance over simmering tensions in the Ukraine. The English Pound was lower against the US Dollar after the Bank of England minutes displayed a growing debate among policymakers over the state of the economy and the medium term inflation outlook. Traders also used the minutes as an excuse to take profits in their Sterling positions. The Aussie Dollar was lower vs the greenback after a report showed consumer prices rose less than expected last quarter, which dampened expectations for a rate hike this year. US stock futures point to a lower open in New York.
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