Today's Corporate Foreign Exchange Rates

The Daily FX Update provides opening indicative spot exchange rates and relevant market news. You can have the Daily FX Update delivered to your email inbox when you sign up for our mailing list.

September 18, 2017

CountryCurrencyExchange Rate
AustraliaDollar$.7995
CanadaDollar1.2180
Czech RepublicKoruna21.7855
DenmarkKroner6.2174
EurolandEuro$1.1975
JapanYen111.3000
MexicoPeso17.6705
New ZealandDollar$.7290
NorwayKroner7.7930
South AfricaRand13.2177
SwedenKrona7.9470
SwitzerlandFranc.9590
UKPound$1.3570

September 18, 2017
The US Dollar held steady in cautious trading overseas. Currency markets were bracing for tomorrow's start of the US Federal Reserve's 2 day policy meetings. The Fed is expected to announce plans to begin reducing its balance sheet, but is widely expected to keep interest rates unchanged. Currency markets are pricing in a more than 50% chance of a Fed rate hike by year end due to last week's strong US inflation report. Interest rate futures had been expecting a 40% rate increase prior to the inflation print. The Euro stayed in a narrow range. The US Dollar hit 8 week highs vs the Japanese Yen as improved risk sentiment kept the Japanese Yen on the defensive. 2 Year US Treasury yields also hit 8 week highs which weighed further on the Yen. The English Pound slipped from last week's 15 month highs against the greenback as traders booked profits ahead of British Prime Minister May's speech on Friday regarding the status of the Brexit negotiations, that have been postponed to the week of September 25th. Gold fell to 2 week lows as global equities surged. US stock futures indicate a higher open on Wall Street.  

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