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Currency Market News

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US Dollar rate lowest since March
25 May 2012

The US Dollar is fast becoming a "safe haven" currency, with investors flocking into dollar assets during uncertain times in and around the Eurozone.

The effect is more demand for the US Dollar, which makes it more expensive. US Dollar exchange rates have fallen. Agains the Pound, we have only seen lower rates for buying USD twice this year, in January and March.

As uncertainty around the future of the Euro and Greek/Spanish debt continues for what seems like an eternity, the USD could strengthen further. If you have payments to send in dollars it may therefore be worth considering cutting your losses and securing a rate sooner rather than later. For those of you selling dollars back to sterling, you have gained nearly 4% in value n the last 3 weeks.

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