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: Caught in the middle

USD: The greenback seems trapped between China’s recovery and a European double-dip. The highlight of the week may be Thursday’s presidential TV debate – a last chance for the President to make a meaningful inroad into Biden’s lead. Since we put that preview together, Nancy Pelosi has set a Tuesday deadline for agreeing on a meaningful fiscal stimulus. That may keep risk assets supported a little more. What stands out at the moment, however, is the divergence in the international growth story – as evidenced by 10-year government bond yields. Looking at ranges over the last six months, Chinese yields (3.20%) are on their highs – supported by China’s industrial recovery. US yields (0.75%) are slightly above their six-month average supported by the stronger recovery story and the prospects of more stimulus. German yields (-0.63%) are currently plumbing new lows as Europe braces for a double dip recession.

CAD: Look out for the BoC’s 3Q business outlook survey today – a summary of interviews with over 100 Canadian firms. This will be an important input into the BoC’s policy meeting on October 28th. Money markets currently price the policy rate flat at 0.25% over the next 12 months. Any upbeat sentiment from the report could see the CAD appreciate in the short term. Also look out for any headlines from today’s OPEC+ JMMC meeting.

EUR: The ECB’s Lagarde and Lane speak at an ECB conference on monetary policy this afternoon. Expect further remarks regarding their monetary policy strategy review and the possibility of following the Fed into some kind of average inflation targeting – or at least adopting a symmetrical inflation target. European interest rates are already on the floor, but as Europe braces for a return of national lockdowns, EUR/USD support at 1.1690 looks vulnerable.

GBP: UK Minister Gove yesterday said that the door remains ‘ajar’ for trade talks with the EU and the focus today may be on whether the House of Lords starts watering down the contentious Internal Market Bill – creating a better negotiating environment with Brussels. Should the government not resist such changes, one could infer the government is more minded towards a deal.

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.