Quiet day for the currency markets.

11 February, 2014

Matthew Boyle

There is little to talk about this morning as this week remains relatively quiet in the way of major data releases, particularly given the flurry we have seen over recent weeks. Yesterday we had a number of minor releases – EU sentix investor confidence the one of major note. However nothing that saw any significant movements.

Today’s only major data releases of note are Australian House Price Index and a speech by US fed chair Yellen.  Consequently it is unlikely we will see much major movements in rates today, but more likely we will see most currencies remain largely range bound and some consolidation of movements seen late last week.

Should you have upcoming currency transfers to make speak to your Currency Index broker today to help you maximise the potential of your Currency exchange. We offer a range of ways in which you can book your currency including forward contracts which are an excellent way of fixing your rate and avoiding disappointment when the market moves.

So whilst it may be quiet at present take advantage of this break and speak to us today – we can help you stay well informed and well ahead of the markets.