The Group of Eight economic powers will meet this week to discuss various world topics, spurring the US dollar to fluctuate against various currencies. Jitters are arising as the group will meet to discuss the global economic crisis, climate change, and turmoil in Iran. The dollar rose Tuesday against the euro to USD1.3954 from USD1.3979 and fell against the Japanese currency to JPY95.12 from JPY95.33.
Even though China is not a part of the G8 they are regularly invited to join enlarged sessions at the annual summit. In the upcoming gathering they have expressed their concern for a broader global monetary system to be brought up. There is caution that talks on the dollar as an international reserve currency will trigger dollar selling.
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
Recent projections have pegged the UK economic recovery to gain further momentum over the next two...
|South African Rand||17.050|
|GBP indicative mid-market rate at 07:35. Please call for quote.|