XE CURRENCY CONVERTER
| 1.00 USD | = | 5.25100 ARS |
| US Dollar | ↔ | Argentine Peso |
| 1 USD = 5.25100 ARS | 1 ARS = 0.190440 USD |
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Mid-market rates: 2013-05-23 07:46 UTC
EUR/USD2013-05-23 07:14 UTC
EUR-USD ranges were relatively tight compared with other currencies. Overall it experienced selling pressure on upticks following Wednesday's sharp drop from the 1.3000 region to 1.2835. It started the Asian session just above 1.2850 and ebbed to 1.2824 after weak China PMI data steepened the dollar bid. However, there was decent support on dips related to EUR-AUD demand. The cross rallied from 1.3250 and extended through yesterday's 1.3320 ... Read More ►
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XE Market Analysis
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North American Edition2013-05-22 11:43 UTC
EUR-cross flows and central bank policy bias were significant influences. The dollar started the session on the softer side following yesterday's Fedspeak, which dampened the debate on tapering ahead of today's testimony from Bernanke. EUR-GBP pressed higher amid macro and model fund demand amid yesterday's weaker CPI reading; and gained traction after the BoE minutes revealed a 6-3 vote on unchanged policy, along with a batch of disappointing U.K. data ... Read More ►
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European Edition2013-05-23 07:14 UTC
Markets are still reeling from yesterday's Bernanke testimony and Q&A session, which covered both sides of the QE debate, though his admission that tapering could come in the next few meetings, depending on data, saw a big fallout in risk-trades. This was backed up by the FOMC minutes, which also echoed this view, while in Asia, there were heavy losses related to a big drop in China manufacturing PMI, while JGB market volatility also unnerved ... Read More ►
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Asian Edition2013-05-22 19:19 UTC
It was a choppy day in FX Land, with most of the gyrations the result of comments from Bernanke in his JEC testimony and Q&A. The greenback faded initially, as the Fed chief indicated QE would not be tapered any time soon (which naturally took equities racing higher). Later in Q&A, Bernanke contradicted himself to a degree, saying tapering could commence in as soon as a few FOMC meetings. This resulted in stocks paring gains, and the dollar ... Read More ►
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