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1 The rates displayed by our free currency converter are neither “buy” nor “sell” rates, but interbank rates, the wholesale exchange rates between banks for transaction amounts over $5 million USD equivalent. Interbank rates don’t include the spreads, handling fees, and other charges that may be assessed by foreign exchange providers. Please note that, as such, these rates will vary from the rates available to our private and small business customers, due to transaction sizes and processing costs. These rates are therefore provided for indicative purposes only.

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Convera Weekly FX Market Update

Markets swing with vibes, rhetoric and hearsay

Markets dipped after Trump said Powell’s “termination cannot come fast enough,” then rebounded as he clarified he wouldn’t fire him. The dollar recovered; PMIs were mixed.

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