Today Federal Reserve Chairman Ben S. Bernanke will begin his semi-annual monetary policy testimony to Congress. So far Bernanke is confident that the central bank will be able to stem inflation once it begins to raise interest rates. His comments have led the US dollar to rise against the euro to USD1.4202 from USD1.4231 yesterday.
Bernanke is convinced that the Fed has the necessary tools to withdraw policy accommodation when it becomes appropriate; as a result the US currency advanced the most against the South African rand and the British pound. The Fed's exit strategy of asset purchases and plan to keep inflation down are removing negatives for the dollar as they aim to revive the US economy for an extended time.
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
Contact Us
Currency Converter
Today's Currency News
Leaders at the G8 summit over the weekend indicated their desire for Greece to remain in the Euro...
Currency Rates
| US Dollars | 1.5799 |
| Euros | 1.2365 |
| Swiss Francs | 1.4854 |
| Australian Dollars | 1.6011 |
| South African Rand | 13.073 |
| GBP indicative mid-market rate at 18:40. Please call for quote. | |
Currency Solutions Ltd is registered in England, Company No. 4864491.
© 2003 - 2012
Registered address is Hobbs Court, 2 Jacob Street, London SE1 2BG.
HM Revenue & Customs, No. 12162570
Regulated and authorised by the Financial Services Authority,
as a Payment Institution, No. 512130