Today’s Foreign Exchange Rates

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Foreign Exchange Update

October 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 RepublicKoruna21.8575
New ZealandDollar$.7855
South AfricaRand10.9445

News & Events

October 23, 2014
The Euro held steady vs the US Dollar after data showed an unexpected pick-up in Euro Zone business growth. The Euro Zone's flash purchasing managers' index rose to 52.2, better than market forecasts. Germany's private sector grew faster in October as manufacturing rebounded. Euro gains were limited, however, after data also showed France's purchasing managers' index for October fell to 48 from September's 48.4 level. Levels below 50 portray a contraction in economic growth. Continued expectations of additional monetary easing by the European Central Bank also limited advances by the single currency. The Norwegian Crown was higher after Norway's central bank kept rates unchanged at 1.5% as expected and said that the recent fall in oil prices had increased 'uncertainty.' Norway is a big exporter of crude oil and with oil prices falling sharply recently, the Crown has come under pressure. The English Pound remained on the defensive after British retail sales dropped more than expected in September. US stocks were on course to open higher this morning.
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