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. EUR, GBP, USD & CAD Forecast.

US Dollar on Firmer Ground in a Mostly Quiet Day on the Calendar

USD - US Dollar

The greenback is firmer against the Euro and Pound today on a mostly quiet day as the Fed is in a blackout period before meetings starting on November 3rd. Consumer confidence numbers and new home sales statistics are due out today. The Biden administration is reportedly close to passing their massive infrastructure deal through Congress. The US Dollar Index is up today, mostly on the strength of rising US Treasury bonds.

CAD - Canadian Dollar

Limited energy inventories of oil and gas and predictions that demand for energy will return to pre-COVID levels are supporting the loonie today. Oil prices slipped slightly in today’s trading; predictions of November weather will be colder than usual will further test supply. Bank of Canada officials are set to meet tomorrow, and investors wait to hear guidance about timetables for interest rate increases before making moves on the Canadian dollar relative to cooling inflation. USD/CAD is currently sitting at today’s low of 1.2355, after hitting a high of 1.2396.

EUR - Euro

The weak Euro is struggling after the European Central Bank admitted it will likely have to revise its inflation forecasts. There aren’t any significant items on the Eurozone announcement calendar in the run-up to Thursday’s ECB meetings. Weaker-than-expected data from the German Ifo think-tank contributed to the Euro sinking to its lowest value since April. EUR/USD sits at 1.1623 after touching a low of 1.1593. The top of today’s trading range was 1.1624.

GBP - British Pound

Brexit talks continue today in London. Prime Minister Boris Johnson had said talks remain constructive, but the Northern Ireland Protocol continues to be a point of major contention. Analysts say unless the UK or the EU signals that it will compromise on the post-Brexit trade arrangements, it will be challenging to forecast the direction the pound is headed. The Bank of England is set to meet on November 4th. GBP/USD closed at 1.3827 and is trading between 1.3742 and1.3828.

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.

FAQs

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.