Euro has been doing reasonably well recently, thanks to a bit of risk-on trading and some optimism. Now, though, the brakes have been applied.
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The latest housing data in the United Kingdom sees home prices heading a little bit higher. However, there are worries that housing prices could be heading into bubble, and that is weighing on the pound a bit.
Euro has been see-sawing a bit today on low volume, and as the end of the month approaches. However, the 17-nation currency is getting some help from the latest economic data.
Evidence of economic slowing is weighing on the loonie, and there is speculation that the Bank of Canada will decide to cut interest rates at some point in the near future in order to stimulate the economy a bit.
UK pound is making progress against many of its major counterparts, thanks in part to the economic data coming out of that country, and with the help of the release of the minutes from the last Federal Reserve meeting.
A large proportion of SME’s are unaware that there are alternative methods of making international payments. Banks apply hefty markups away from the real rate of exchange, and charge fixed fees per transaction
Read more at http://www.saveonmoney.org/2013/11/why-businesses-get-ripped-off-on.html...