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Orlando International Council |
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August Currency Update
18 July 2010 |
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GBPUSD 1.5548
EURUSD 1.2815
CADUSD 0.9664
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Indicative Rates
GBP/USD 1.5216
EUR/USD 1.2719
CAD/USD 0.9670 |
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Data Releases
Aug 20th CAD Core CPI Aug 24th USD Existing Home Sales Aug 27th GBP Revised GDP q/q USD Prelim GDP q/q Aug 31st USD CB Consumer Confidence Sep 1st GBP Manufacturing PMI Sep 2nd EUR Minimum Bid Rate Sep 3rd EUR ECB Press Conference Sep 8th CAD IVEY PMI |
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Dear Moneycorp Partner,
I am pleased to bring you the current market news for July. If you have an international client who may need to transfer funds, please contact us today - we can help! Your client will have more US Dollars to spend on their property purchase, immigration or property maintenance.
It pays to use the experts. | |
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Working with international sellers?
The real estate market in Florida has certainly experienced some 'issues' over the last couple of years following the huge boom in the good old days back in early 2000. However it seems we are finally well on the way to recovery. The Orlando Regional Realtors Association announces 'Orlando housing market continues to record sales gains' with new home sales up 39.54% against last year. This is being echoed in other key buying areas around the State. Here at Moneycorp we have definitely noticed a difference in the number of new buyers entering the market, and interestingly enough, sellers actually transferring monies back to their home country... Read more | |
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British Pound GBP/USD H: 1.5998 L: 1.5119
Second quarter UK GDP figures sparked strong buying of Sterling, coming in much higher than expected as the Pound continued its steady path toward $1.60. The first reading of 1.1% showed a marked increase over the first quarter final reading of 0.4%. The upward trend on cable continued as the market sold off USD on the back of successive negative US fundamental data. Improved, but still considerably weak US housing figures combined with significantly lower US core durable goods orders added to the diminished appetite for US Dollar buying... Read more |
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EURO EUR/USD H: 1.3335 L: 1.2733
The Euro faced a massive test of confidence as 91 European banks were put through a series of audits designed to gauge each individual institution's capability to survive further financial shocks to the banking system... Read more |
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Canadian Dollar CAD/USD H: 0.9888 L: 0.9446
The major news for Canadian Dollar was the Bank of Canada's raise in their benchmark interest rate, moving up by quarter percent to 0.75%. The Loonie has continued to trade within its recent ranges as traders see neither a firm reason to buy or sell versus USD. Since the interest rate increase, Canadian fundamentals have not impressed. The Canadian economy showed a trade deficit of more than a Billion CAD$, not a good reading for an export orientated economy... Read more |
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Please contact your Account Manager today. You have a local team that is here to help. Let us help your client get the best exchange rate!
Sincerely,
Laura McLoughlin
Regional Manager
Moneycorp, Inc. |
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Forward email
Moneycorp, Inc. | 7380 Sand Lake Road | Suite 410 | Orlando | FL | 32819 |
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