Currency Calculator

Use the currency calculator to calculate the rate of exchange.

GBP Flag

1 GBP = 1.12006 EUR

EUR Flag

1 EUR = 0.89224 GBP

Change Currencies Currency Providers

Specialized tailwind supporting the dollar-yen

US Dollar touches a five-week high against the yen

The dollar touched a five-week high against the yen, as financial experts calibrated positions before the discourse by Federal Reserve Chairman Janet Yellen.

Brokers bought the dollar against the yen, pushing the cash match to 112 in the Tokyo village, the most exalted amount since May 24. Huge purchases stopped at this level at 112.13, as indicated by brokers who asked not to distinguish them. Not approved to openly talk.

The dollar was upheld after the Fed for the second time this year filed a loan for a loan, and explained that he agrees to reduce his report on assets.

San Francisco Fed President John Williams delivered a defense on Monday to encourage a slow increase in funding costs, with the desire that the expansion will grow to the goal of the national bank in a year.

This week, Yellen leads the list of speakers from the National Bank of the United States.

"There is a specialized tailwind supporting the dollar-yen," said Kumiko Ishikawa, an expert on the cash display at Sony Financial Holdings in Tokyo. Despite the fact that the business sector can stay around the high of May 24 at the exchange hours in New York, the money game can break up, based on information and comments from Yellen, she said.

On Wednesday, information on the reliability of information about the buyer in the US in June is expected.

The pound fell below $ 1.26 without a precedent for two months, before ambush Prime Minister Theresa May outlined her administrative program in parliament after an uncertain race that left life in its prevalence.

Sterling has reached the lowest level in relation to the dollar since the day when the race was brought in April, and government bonds went up before Queen Elizabeth II will consider arrangements with legislators at 12:30.

The program is set to be overwhelming on Brexit and exposed to light on anything dubious, since the first test of May is to simply win votes in essence of the discourse itself.

Having withdrawn from the game, she lost the share of her parliamentary lion at the rank of June 8, May remains in an agreement to help the Democratic Party of Unionists of Northern Ireland in supporting its legislature. This pushes instability for the pound traders when the authorities begin to organize the UK exit from the European Union and in the midst of the signs of the developing part among the founders of the strategy of the Bank of England.

Hong Kong - the dollar fell on the Asian stock exchange on Tuesday after a top official from the Federal Reserve System showed that this year the financing cost will grow, while brokers expect discourse from their manager Janet Yellen.

The dollar rose to a monthly high in the morning, giving the purchasing power to Japanese stocks, but kept the increase over the course of the day.

The business was further curbed by fears about the fate of Donald Trump's financial motivation when he struggles to get through a dubious welfare bill.

The desire for another elevator in the US receiving costs was inflated after New York Federation leader Bill Dudley suggested that politicians expand their options when choosing a course for a money-related strategy.

In addition, the Fed president in San Francisco, John Williams, warned that the global economy could overheat if bets were not lifted at the right time.

They take for the indisputably fervent hue of Yellen and the bank's agreement to go down through its security procurement system to wash the abundance of money out of money markets.

Greg McKenna, the strategist strategist at AxiTrader, said in a note that "Dudley distributed the Fed's order in such a way that it suggests that the Fed sees a more extensive dispatch than just expansion and unemployment."

It is expected that Yellen will speak in London later on Tuesday before becoming a member of the meeting of national investors in Portugal, and her comments will be highlighted for hints at the mechanisms of the Fed.

The dollar rose to a three-week high against the yen, as Asian financial experts continued from their North American partners in buying the dollar, as the Fed's speakers indicated quality in the US economy.

American money picked up for a moment a day against Japan after New York Fed President William Dudley said he was confident that development would go far, while Charles Evans from Chicago said the fundamentals are great.

Tokyo merchants were net buyers of dollars for the morning settlement, as evidenced by Asian money dealers, who asked not to be named. Feeded vice-administrator Stanley Fischer will speak on Tuesday in Amsterdam.

Leave a comment

What's the press saying about our company?

Top 5 Foreign Exchange Companies