Daily Currency News

Swiss franc's record run ends The Swiss franc moves to new records against the euro and dollar but falls back after Fed plays down easing speculation Finding refuge in Japanese assets The move into yen may be linked to a fall in the opportunity cost of holding it as yield differentials have contracted Argentina restricts foreign trade Spooked by soaring imports eroding its trade surplus, the government lets importers bring goods in, provided that they match their value, dollar for dollar, with exports Gold and silver surge on warning over US rating Yellow metal rallies to high within reach of $1,600 a troy ounce while silver approaches $40 a troy ounce after Bernanke hints at QE3 Economic arguments: good, bad and ugly Some of the arguments about US debt and the Eurozone crisis have been helpful, but others have created uncertainty, which markets dislike GLOBAL CURRENCY EXCHANGE RATES CURRENCIES Mid Price GBP-EUR 1.1420 GBP-USD 1.6121 GBP-AED 5.9202 GBP-AUD 1.5140 GBP-EGP 9.5966 GBP-BRL 2.5451 GBP-KWD 0.4417 GBP-NZD 0.5208 EUR-USD 1.4116 EUR-AED 5.1840 EUR-BRL 2.2287 USD-AED 3.6724 AUD-AED 0.2557 NZD-AUD 0.7884 NZD-USD 0.8395 NZD-EUR 0.5947 Please note the above are indication rates between the buy and sell side of the market at 7am on Friday 15th of July 2011