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.

USD pressured across the board – CAD back down to 1.26

USD - US Dollar

The dollar suffered a sharp fall yesterday as investors jumped back into risk positions. This swing to a glass-half-full sentiment arrived surprisingly quickly after what seemed a poor environment late last week. Helping the short-term sentiment this week has certainly been the stability/improvement in Asian FX/equity markets. The question is whether investors want to add to risk positions ahead of Friday's Jackson Hole event. Most think investors will want to wait to hear on this subject from Jerome Powell on Friday before pushing ahead with another major round of risk-buying, dollar-selling. The data calendar looks pretty light today and even though overnight markets are keeping the risk-positive mood alive.

CAD - Canadian Dollar

Wild ride for CAD with plenty of questions on the way up and the way down, looks like concerns over the Delta variant and global risk appetite pushed the pair up to nonsensical levels and fade towards 1.30. Most didn’t expect the move back down to be so fast or so deep either. Anyway, remaining on point, 1.26 is where the Canadian CPI print came out last Wednesday so maybe the USD/CAD range will hold at current levels ahead of Jackson Hole.

EUR - Euro

The bounce-back in currencies has provided some support to EUR/USD. Locally the focus will be on the revisions to 2Q21 German GDP figures - just in at an upwardly revised 1.6% QoQ and largely driven by government consumption. However, until the ECB acknowledges that inflation is emerging firmer than their forecast, we doubt the EUR can enjoy much independent local support.

GBP - British Pound

GBP enjoyed a good bounce yesterday - and it wasn't clear why. Perhaps it was the sharp rise in commodities that lifted the Basic Materials components in equity benchmarks - and the FTSE having a high weight to these. There is no UK data today and GBP will probably be left to thrash around in the range of1.3600-1.3750.

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.