Dollar Rate

[chunkster20uk]

I checked Travelex this morning and it was 1.794 and I just checked and it is now 1.781. Should I buy now or do you think it will go back up again?

 

[vernon]

The interbank rate has fallen to 1.822 today from a high of 1.8570 earlierthis week. This is all a reaction to th eEuropeans making noises about how the weak dollar is going to hurt their export markets. At the moment it's on the back of talk, they have a central bank meeting next Thurday, movement in the Dollar will be dependant on what the indicate in that meeting