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BestExchangeRates
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Compare & Save on FX. If you suspect you can do better than your Bank's exchange rates then visit www.bestexchangerates.com and find out how!
Compare & Save on FX. If you suspect you can do better than your Bank's exchange rates then visit www.bestexchangerates.com and find out how!

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Hong Kong Authorities Post Warning on “Dangerous Situation” in Housing Market and RBNZ Keep Cool on Interest Rates | BestExchangeRates http://buff.ly/2txetrd
“We have to warn our people about the dangerous situation of the property market,” said Hong Kong’s Financial Secretary, Paul Chan, today.

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Sterling Tumbles as a Hung UK Parliament Most Likely with Half of Votes Counted | BestExchangeRates http://buff.ly/2t1n0Bv
Even at this stage of vote counting, today’s election has already been labeled a “catastrophe” by former British chancellor George Osborne; the 3am edit of tomorrow’s Times newspaper front page goes with ‘Theresa May’s Big Gamble Fails’; and former Scottish National Party leader Alex Salmond told BBC reporters that he did not expect Theresa May to survive more than forty-eight hours.

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Gulf Crisis Begins and RBA in Focus | BestExchangeRates http://buff.ly/2rD4QGO
Such has the outlook for Australia changed, that traders are now beginning to make bets on a rate cut in the country.

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British Pound Sterling Currency Guide | BestExchangeRates http://buff.ly/2rC4G4F
In preparation for the UK election, check out our guide to the British pound is currently way below historic norms, principally because of ‘Brexit’ but also because of a persistent sterling bear market that began in the summer of 2014.

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Surge in China’s Currency to 7-Month Highs Has Unknown Cause | BestExchangeRates

One possible motive for a higher yuan is that China are making some kind of demonstration of strength as a rebuke to US ratings agency Moody’s – one of the Big Three ratings agencies – who on May 24th downgraded the country’s credit rating. 

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AUD Falls Again, Near 1-Year Lows Versus EUR as China Data Beats Australian in the Battle of Greatest Influencer | BestExchangeRates http://buff.ly/2rovYJE
Within an hour of the Caixin release, the Australian dollar had fallen by almost 1% against USD, which goes to show how vital a role China plays in the economic health of Australia.

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New Zealand Dollar Is Best Performer in May but Big Bank Predicts Lower Value Ahead | BestExchangeRates

Like many others in the market, Citi were disappointed by the RBNZ’s stance at their last meeting.

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Sterling Falls to 1-Month Low as Polls Show Tory Lead Shrinking | BestExchangeRates

Having been in a long game of “will it, won’t it?”, yesterday ‘cable’ seemed to finally provide the answer, which is: “No, I won’t breach $1.30…deal with it!”

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Thai Baht at 22-Month Highs as Money Pours into Emerging Markets | BestExchangeRates

The Thai baht had its best day yesterday since March and has forced itself to 22-month and 15-month highs against the US dollar and Australian dollar respectively.

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Euro Suffers as Greece Debt Concerns Mount | BestExchangeRates http://buff.ly/2rhjoij
The euro is touching multi-month highs vs most currencies but could cede ground due to the Greek debt talks stalling and a speech by Mario Draghi who is expected to remain dovish towards possible rate hikes.
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