Daily Currency News

July 2nd Update Greek budget deal gives boost to euro The euro surged higher after the Greek government was successful in passing its austerity plans through parliament Currency war fears reignite in Brazil The relentless strengthening to its strongest level since just after it was first floated in 1999 is a serious headache for the administration Investors poles apart in time of doom and boom Both the recent fear and subsequent rally in global markers were understandable if overdone, but a deeper disorder underlies the moves Brazil fears economic fallout as real soars Currency reaches 12-year high against US dollar as high interest rates draw foreign investors starved of opportunities in developed markets Sterling falls as consumers lose heart Pound drops to a 16-month low against the euro as concerns over the UK's fragile recovery intensify after weak data and public sector strikes GLOBAL CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1066 GBP-USD 1.6077 GBP-AED 5.9050 GBP-AUD 1.4928 GBP-EGP 9.5810 GBP-BRL 2.5059 GBP-KWD 0.4413 GBP-NZD 0.5147 EUR-USD 1.4529 EUR-AED 5.3362 EUR-BRL 2.2645 USD-AED 3.6729 AUD-AED 0.2528 NZD-AUD 0.7684 NZD-USD 0.8275 NZD-EUR 0.5696 Please note the above are indication rates between the buy and sell side of the market at 7am on Saturday 2nd of July 2011