Today’s Foreign Exchange Rates

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Foreign Exchange Update

October 31, 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 RepublicKoruna22.1645
New ZealandDollar$.7820
South AfricaRand10.9545

News & Events

October 31, 2014
The Euro held steady vs the US Dollar after data showed Euro Zone prices rising October. Consumer prices within the Euro Zone rose by .4% in October, as was expected, following yesterday's softer reading of German inflation, which slowed in October to .7%, its lowest level since May. The inflation data brought some relief for the Euro and cooled expectations for any near term action by the European Central Bank. Euro gains were limited, however, after German retail sales posted their biggest monthly decline in 7 years last month. The Japanese Yen tumbled to its lowest level in nearly 7 years against the US Dollar after the Bank of Japan surprised markets by further easing monetary policy. In a move to ward off threatening deflation, the BOJ announce another round of quantitative easing by raising its monetary base target and tripled its purchase of risk assets. The BOJ's move may likely add more pressure on the ECB to ease policy as well. US stock futures indicate a higher open on Wall Street. US personal income for September highlights today's economic calendar.
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