Exchange Rate News

Below is this month’s economic calendar, with major releases at home and overseas. These are all likely to have some effect on global foreign exchange markets. If you are buying or selling any currency, make sure you contact us to find out how any releases might affect your purchase, which may help you decide the best time to place your order.

You can speak to your experienced Currency Index account manager about the latest news and data affecting exchange rates. Markets move by the second, so for up to the minute news, just give us a call. Don’t forget, you can book exchange rates in advance if you are worried that rates may move against you.

Please see our currency blog for the latest currency news, updated regularly with major news.

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Weekly Economic Calendar

Day	Time (GMT)	Zone/Country	Release/Announcement
Monday 3rd - Friday 7th
Monday	0930	UK and EU	Manufacturing PMI inflation
Tuesday	0230	AUS	Retail Sales
Tuesday	0530	AUS	RBA interest rate
Tuesday	1500	USA	Pending home sales
Wednesday	1000	EU	Retail sales
Thursday	1200	UK	Bank of England interest rate
Thursday	1245	EU	European Central Bank interest rate
Thursday	1330	USA	Jobless claims
Friday	0930	UK	PPI core inflation
Friday	1330	US	Non-Farm Payrolls
Monday 10th - Friday 14th
Tuesday	0001	UK	BRC Retail prices and RICS house prices
Tuesday	0930	UK	Trade Balance
Wednesday	0930	UK	Jobless Claims
Wednesday	1030	UK	Bank of England inflation report
Wednesday	1330	USA	Trade Balance
Wednesday	1915	USA	Federal Reserve interest rate
Thursday	0900	EU	European Central Bank report
Thursday	1330	USA	Retail Sales
Friday	1000	EU	CPI inflation
Monday 17th - Friday 21st
Monday	0001	UK	Rightmove house price survey
Monday	1000	EU	Trade Balance
Tuesday	0930	UK	CPI and RPI inflation
Tuesday	1000	EU	German ZEW confidence survey
Tuesday	1330	USA	PPI inflation and Housing Starts
Wednesday	0930	UK	Bank of England minutes
Thursday	0930	UK	July Retail Sales
Monday 24th - Friday 28th
Tuesday	1500	USA	Consumer Confidence
Thursday	1330	USA	GDP, Personal Consumption and Jobless Claims
Friday	0001	UK	GFK confidence survey
Friday	1000	EU	Business Climate and Consumer Confidence

Market Overview - August 2009

For the latest news releases affecting exchange rates, please see our currency blog which is updated daily at http://currencyindex.blogspot.com.

The end of July saw a small rally for the Pound against major currencies such as the Euro and Dollar, after a month of trading in narrow ranges. The UK’s currency had been gaining value until June, but seemed to have run out of steam as question marks over the depth of the recession continue to weigh down expectations. For August, the usual monthly key data releases such as inflation, house prices and consumer confidence are likely to be keenly watched as indicators of economic recovery.

Elsewhere, both the Australian and New Zealand dollars continued to strengthen (become more expensive) as investors moved funds to two of the only developed economies which still have relatively high interest rates.

As markets are still very cautious in the current economic environment, be careful because optimism on exchange rates can be expensive. Discuss your requirements with Currency Index and adopt a sensible approach to your currency transactions.

View the currency news archive