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The large Latin American diaspora in the United States, Europe or Australia is looking for options to send money home.

Gold prices roared higher before the weekend, gaining the most since early March as the US Dollar and Treasury yields fell. Still, the road to the upside remains tough for XAU/USD.

U.S. inflation accelerated in March and reached its highest level since December 1981 amid soaring energy costs, but core CPI grew less than expected, a sign the worst may be over.

Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment 2021-04-15 01:30:00 Brendan Fagan, Australian Jobs Data Talking Points: For the month of March, Australia adds 70,700 jobs against an expectation of 35,000 jobs AUD/USD declined in immediate trade, following the impressive March jobs data The official unemployment rate fell to 5.6%, against a consensus of 5.7% Advertisement Australia posted strong employment numbers for March, with headline unemployment falling to 5.6%. Australia added 70,700 jobs in the month of March, which boosted overall labor force participation t...

EUR/AUD Exchange Rate Rises as Eurozone GDP Data Suffers in Fourth Quarter The Euro to Australian Dollar exchange rate rose by 0.2% today, with the pairing currently fluctuating around AU$1.58. The EUR/AUD exchange rate edged higher today despite news that Europe’s slower Covid-19 vaccine rollout could result in a slower recovery for the Eurozone’s economy. Sam Miley, economist at the Centre Economics and Business Research, explains: ‘This downward pressure on economic output looks set to continue in early 2021 due to the clampdown on new, more virulent strains of coronavirus, while sub...