Sterling the weakest and the Kiwi the strongest yesterday – 15th December 2015
Sterling was yesterday's weakest performer falling by an average of 0.7%; the equivalent to one Japanese Yen, one Euro and a quarter of a US cent. The reason - the Bank of England Deputy Governor Minouche Shafik who delivered a speech at the Institute of Directors entitled...
Exotic and Commodity Currencies down ahead of FOMC – 14th December 2015
A 1.25% daily decline in the value of a currency during a 5-stint as South Africa's finance minister won't look good on the CV of David Van Rooyen. To make matters worse for Mr Van Rooyen, the Rand has strengthened by 5% since his dismissal....
The Rand gets hammered and mixed fortunes for the Aussie and Kiwi – 10th December 2015
Australian employment figures were released overnight with analysts forecasting a loss of 10,000 jobs in November and unemployment rising from 5.9% to 6.0%. When the Australian Bureau of Statistics reported the addition of 71,000 jobs last month and a drop of unemployment to 5.8% investors...
Aussie Dollar suffers as commodity prices drop – 8th December 2015
The commodity currencies, particularly the Australian Dollar which saw losses of 1.1% against Sterling and 1.4% against the US Dollar, were the ones to suffer on Monday. The Aussie also suffered this morning by news that imports by China, Australia's biggest export customer, fell by -8.7%...
Friday’s calm after Thursday’s ECB Storm – 7th December 2015
Nobody was particularly surprised when Friday's US employment report showed a further 35,000 jobs were created in November and non-farm payrolls increased by 211,000 (11,000 more than forecast). There was also an upward revision to previous months' data, putting the total 46,000 above what investors...
A lot is expected from the ECB today, will they deliver? 3rd December 2015
Investors waiting for guidance on US interest rates and further QE from the Eurozone were left waiting once again yesterday. In the Eurozone the consumer price index put inflation at a provisional 0.1% which was lower than forecast and entirely deserving of the European Central Bank...
Sterling takes a double blow – 2nd December 2015
Just about everyone everywhere decided yesterday was the day to sell Sterling. It began to head lower as London opened for business when the Bank of England governor introduced the results of the latest stress tests on UK banks. Whilst all of them passed the...
NEW FX XERO ADD-ON LAUNCHED
December 01, 2015 Today SAT Worldwide launches SAT FX Online – a NEW Xero Add-On tool for all businesses paying, receiving and managing international transactions. Developed in conjunction with our customers and Xero users we believe it is the most comprehensive add-on for managing your currency...