But if you want just to convert your Bulgarian Lev to US dollar, then you have to compare and to know where is the best bgn to usd exchange rate in Bulgaria. Also, if you need to transfer Bulgarian Lev or US dollar to any country or from Bulgaria to United States of America, you're able to transfer money via xoom, Paypal, Moneygram, Transferwise, Western Union etc. First, check on currency converter for general bgn to usd conversion rate, then you can look for currency exchange or exchange money somewhere online. If you travel to Bulgaria, you can easily convert and get Bulgarian Lev at any currency exchange in Bulgaria. BGN to USD currency pair can change anytime and may be difficult to predict the future. Convert Bulgarian Lev to US dollar with flexible currency converter, also check Bulgarian Lev to US dollar exchange rate which is changing every second and may be impacted of everyday political or economic life. However, should the instability continue a risk-on mood may buoy the Euro in the week ahead. The Ukraine-Russia conflict shows no signs of ending, which will weigh heavily upon energy supplies for the continent. With the Euro, exchange rates will likely remain unstable while the energy crisis deepens. On Tuesday, a significant drop in job opening figures has been forecast, which could prompt USD exchange rates to fall.
Looking ahead, the Euro Us Dollar (EUR/USD) exchange rate is likely to remain in flux as multiple employment data releases are set to trigger fluctuations in the US Dollar.Ĭhiefly, a robust non-farm payroll print in September could prompt further action from the Federal Reserve to implement further interest rate hikes. Euro US Dollar (EUR/USD) Exchange Rate Forecast: US Labour Markets In Focus Similarly, the positive developments in the Ukraine-Russia conflict buoyed the Euro (EUR), compounding the lack of draw to USD. The UK rarely factors into global economic developments, but the sheer gravity of the Pound (GBP) crashing and the resulting efforts by the Bank of England (BoE) showed a clear example to investors of high risk, high reward trading, making the safe-haven ‘Greenback’ less enticing. The Federal Reserve is likely to take action by introducing increased interest rates, with several speeches expected on Tuesday.įurthermore, USD had to contend with optimism in riskier markets. Monday saw the release of US ISM manufacturing data, which saw a severe contraction of 1.9 from 52.8 to 50.9, well below the market expectations. The US Dollar (USD) exchange rate continued to weaken on Tuesday after bullish investors steered away from the safe-haven ‘Greenback’. US Dollar (USD) Exchange Rates Slip as Risk-On Mood Prevails This news was welcomed by the market, striking an optimistic mood and allowing the Euro to make strong gains. Russia recently annexed four Ukrainian territories, which are now being taken back by Ukrainian fighters.
This is especially apparent against the safe-haven US Dollar (USD), where the pairing shares a strong negative correlation.Įlsewhere, the counteroffensive launched by Ukraine continued in earnest, seeing Ukrainian forces make significant territorial gains. This in turn is bolstering expectations the European Central Bank (ECB) will continue to raise interest rates aggressivelyĪs such, the single currency has continued its bullish recovery amidst a risk-on market, gaining ground against its peers.
Given a rise in producer prices often feeds through into higher consumer prices, the data is reaffirming expectations Eurozone inflation will continue to accelerate. The release showed a 5% expansion in producer prices, above the expected 4.9% increase and up sharply from July’s 4% figure. The Euro (EUR) exchange rate rallied on Tuesday, following the release of the Eurozone’s latest PPI data. Euro (EUR) Exchange Rates Firm Following Strong PPI Data This saw EURUSD climb to US$0.9886, gaining roughly 0.5% from Tuesday morning’s opening rate. The Euro to Dollar exchange rate (EUR/USD) trended positively on Tuesday as currency investors reacted to an above-expected PPI jump of 5%, eclipsing July’s 4% stat.
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