News & Articles


Currency Solutions

US dollar optimism

The United States is hoping to return to growth in the second half of the year while the dollar may strengthen in the next 12 months. Despite the financial crisis and expectations the global crisis will do much better than people think, the future outlook for the US dollar is strengthening.

There are some positives to look at when the dollar is brought up. The currency is benefiting from a higher domestic savings rate and an improvement in the trade deficit. The US trade deficit narrowed to its lowest level since November 1999, to USD26 billion in May. The labour market may also be improving as the number of people filing initial claims for unemployment benefits fell, as hopes rise the worst has passed.

The future outlook of the US dollar has the exchange rate at GBP0.6060 and EUR0.7034.

The rates quoted above are interbank rates. Client rates may vary according to the volume and timing of the trade.

Please note: All rates are subject to change, for the latest up-to-date rates check our Currency converter

Bookmark and Share

Contact Us

Currency Converter

Today's Currency News

Yesterday, the IMF hiked its 2014 economic growth forecast on the UK for the fourth time in nine...

Currency Rates

US Dollars 1.6977
Euros 1.2642
Swiss Francs 1.5363
Australian Dollars 1.8067
South African Rand 17.849
GBP indicative mid-market rate at 23:55. Please call for quote.