Today’s Foreign Exchange Rates

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Foreign Exchange Update

October 24, 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$.8815
CanadaDollar1.1190
Czech RepublicKoruna21.8255
DenmarkKroner5.8740
EurolandEuro$1.2680
JapanYen107.8000
MexicoPeso13.5325
New ZealandDollar$.7865
NorwayKroner6.5840
South AfricaRand10.9620
SwedenKrona7.2520
SwitzerlandFranc.9505
UKPound$1.6055

News & Events

October 24, 2014
The Euro edged lower vs the US Dollar as currency markets braced for Sunday's results of the Euro Zone banks' stress tests. The European Central Bank will make public on Sunday its final verdict on the health of the region's banking sector. Evidence that a significant number of banks failing would weigh on the Euro while solid results may help stabilise the Euro. Demand for the safe haven Japanese Yen increased following reports that a doctor had tested positive for the Ebola virus in New York city after returning from West Africa. The Yen had faced pressure overnight after a Wall Street Journal article sparked expectations that the Bank of Japan would seek additional stimulus measures. The BOJ has voiced concerns of inflation falling below 1% due to decling oil prices. The BOJ and the US Federal Reserve are scheduled to hold their policy meetings next week. The Fed is expected to conclude its asset purchases under its 3rd round of quantitative easing. The English Pound rebounded vs the US currency after data showed Britain's GDP grew by .7% in the 3rd Qtr., down from the 2nd Qtr's .9% level, but in line with market estimates. Gold dipped for 3rd straight day and was set to snap a 2 week winning streak as a stronger US Dollar and solid economic data dented the metal's appeal. US stock futures point to a lower open in New York.
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