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.

USD March retail sales will be today’s driver

USD: Markets are looking for a strong March US retail sales number today as the stimulus checks have started to come through. However, following the muted USD reaction to the March inflation numbers earlier in the week, it seems that the positive US inflation and growth stories are now largely priced into USD. Hence, the positive impact on USD may be limited and with UST yields well behaved, the solid US data may support G10 pro-cyclical FX today.

CAD: March existing home sales are due and board‐level data released this week suggests that March was another very strong month for the national housing market. In response to an overheating housing market, OSFI has proposed raising the minimum stress rate for uninsured mortgages to 5.25% (46bp of tightening). Based on its impact in 2018/19, we think it should help to slow the market. A daily close below 1.2502 would add to bearish momentum in USD/CAD, exposing 1.2462 thereafter. Resistance is located at 1.2527 and 1.2561.

EUR: EUR/USD is close to the 1.20 psychological level and further evidence of USD losing steam today (should USD fail to benefit from the strong retail sales today) is likely to push EUR/USD higher, particularly after positioning adjustment observed so far this year. The EUR/USD still remains undervalued by almost 2%, based on most short term financial fair value models.

GBP: After consistent outperformance in Q1, GBP is having a rough start to Q2, so far racking up losses against all other G10 currencies. With the negative policy rate risk premium fully priced out, the hurdle for news driving further gains is much higher and news flow has become more ambiguous, with the vaccination dynamic now being a clear trend to catch up in the US and Europe.

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.