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. USD CAD EURO GBP Forecast.

Markets brace for tomorrow’s FOMC meeting

USD: It should be a quiet day for USD today ahead of the April FOMC meeting tomorrow. On the data front, the focus will be on April US Consumer Confidence but this is unlikely to affect sentiment too much ahead of the Fed tomorrow. The US dollar should remain fairly range-bound against G10 currencies today with DXY staying below its 100-day moving average of 91.05.

CAD:  The loonie continues to trade on both sides of the 1.24 level, reflecting the broader tone of the big dollar rather than anything specifically CAD-negative. Mixed risk trends, given soft stocks and firmer commodities, may curb the CAD’s rise in the short run but the terms of trade impact from rising commodity prices remains a powerfully supportive feature of markets. Expect a rangebound trading session ahead of the FOMC tomorrow.

EUR: With a calm day on the data front today and investors bracing for the FOMC tomorrow, EUR/USD should remain range bound today, staying in the 1.2050-1.2100 area.

GBP: Sterling is showing tentative signs of stabilisation after political scandals led a decline late last week. Based on financial fair value models, GBP remains undervalued suggesting some near-term support for sterling unless we see further allegations about the Conservative government. So far, it has been a rather challenging month for GBP, with the currency suffering first from concerns about the pace of the vaccination programme and now by a degree of political uncertainty.

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.