Moneycorp News

Some News and Information from our friends at Moneycorp USA

Currency Update

Strong Dollar Pegged Back By Fed Announcement

The US dollar continued to be the currency of choice for 2015 with strong performances against most of the major currencies throughout March. However, the recent Federal Reserve announcement has pulled back recent gains of the dollar.

The dollar tumbled toward its biggest one-day decline against the euro since March 2009 on Wednesday after the Federal Reserve scuttled some investors’ expectations for rising interest rates. The Fed also announced that growth estimations for the year had been lowered. Prior to the announcement it seemed that the EUR/USD rate was heading towards parity in rapid fashion.

While the recent news out of the US has given respite to the euro, albeit short term, the same could also be said for the pound. While the pound has been performing well against most major currencies, (recently touching a 7 year high against the euro), it has fallen well short against the rampant dollar.

The GBP/USD rate fell to below 1.50 for the first time since July 2013. The forecast in the short term is determined by 3 major factors: the Bank of England’s stance on when rates are likely to rise, UK Inflation Report and Retail Sales data for February. Uncertainty over an interest rate rise and poor financial data could see the rate head towards 1.45.

BACC – Orlando City Soccer

Moneycorp’s Kelly Cutchin, Iva Slavtcheva and Tiffany Hartmann attended the British American Chamber of Commerce networking event at Orlando City Soccer headquarters. It was the perfect venue as history was recently made with the start of Orlando’s first professional soccer team!

EB5 Conference

Account Managers, Ligia Root and Brian Bernal attended the EB5 Conference in Lake Buena Vista. They met a number of immigration attorneys and gained more knowledge of the visa process.

Upcoming Events

International Days April – 8 – 9
ORRA Broker – Breakfast April 16th
Home Expo Lake Mary – April 21
Global Real Estate Council of Orlando Meeting: United Kingdom – April 22
South Florida HOA Expo – April 22
Moneycorp Realtor Appreciation Party – April 23
BACC Real Estate Summit – April 30

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