Sticky Registration Sticky Customer Support

Daily Currency Update

Get access to our expert daily market analysis and discover and track your currency pair using our exchange rate tools.

Global equities remain under a cloud; USD recovering

Global equities remain under a cloud, but with limited impact on FX markets. US dollar weakness has cycled away from the majors to EM currencies in recent weeks, and Asian currencies have benefitted. China kept its loan prime rates steady today, while South Korea's advanced September exports indicated further recovery in global trade. Meanwhile, the coronavirus upsurge in Europe is worsening, and social restrictions have been gradually re-imposed in several regions.

Week ahead: It is another week with Fed Chair Powell on centre stage. If there was anything missing from the post‐FOMC press conference last week, Powell will be able to clarify in his testimonies at the House and Senate (Tuesday through Thursday). The key US data releases are existing home sales (Tuesday), new home sales (Thursday), and durable goods orders (Friday). Central bank meetings in New Zealand and Europe this week are expected to result in steady policy settings.

CAD: Fiscal policy is in focus with Wednesday’s Speech from the Throne providing direction for the upcoming legislative session. It is not clear how much of the additional spending plan touted by the governing Liberals will be for the current fiscal year, which has a massive deficit estimate equivalent to around 16% of nominal GDP. The minority Liberals will need the support of at least one of the three major opposition parties, which we expect them to get, in order to pass the Throne Speech, as it will be subject to a confidence vote. If it does pass, then a fall fiscal update with more costing and timing details should follow, likely in October.

Currency Chart

Get access to our market experts and sign up to receive the latest updates on any currency with our real-time exchange rate reports.

Sign up to receive the latest market news from our experts.

Daily Currency Updates
Daily Market Analysis
Get daily intelligence and currency reports directly to your inbox.
Weekly FX Technical Analysis
Weekly Technical Analysis
Get our weekly technical analysis providing valuable insights.
Monthly Currency Outlook
Monthly Currency Outlook
Receive our monthly currency report and help improve your forecasts.

By entering your email address you agree to the MTFX Terms Of Use and MTFX Privacy Policy and agree and agree to receive sales and marketing communications. Unsubscribe at anytime.


Individuals and businesses who need to send money in foreign currency internationally can use MTFX’s services. The beneficiary of the transfer must have a bank account for the funds to be paid into. Personal clients usually use our services to transfer money between their own accounts in two different countries. Business clients usually use our services to transfer funds to suppliers, fund international operations, or repatriate overseas earnings.
MTFX offers currency exchange rates that are 2-5% better than those offered by the banks. Personal clients usually save hundreds of dollars per transfer and for larger transfers, the savings can run into the thousands. We also offer excellent customer service, dedicated currency specialists, and a 24/7 online platform with best-in-class technology that allows you to complete transfers from any device virtually anywhere in the world. Business customers save with better currency exchange rates and proven solutions geared towards managing and mitigating foreign exchange risk. Our solutions include forward contracts, market orders, rate alert services, and much more - all backed by great technology and great people.
Funds can be transferred via wire transfer, Electronic Funds Transfer (EFT), or ACH payment services. MTFX maintains bank accounts in all major currencies with highly-rated banks. Our banking infrastructure ensures that you can transfer funds to us quickly and securely.
Our global network of banking partners allows us to get funds to virtually anywhere in the world quickly and efficiently. Most wire transfers from MTFX will be received by your beneficiary within 24-48 hours. MTFX also offers same-day transfers that are almost instantaneous, as well as low-cost in-country payment services for your less urgent transfers. For further information please speak to one of our currency specialists.