Commonwealth Bank Group - Business Foreign Exchange

	Business Foreign Exchange is a new system that provides small to medium sized businesses with the capability to exchange foreign currencies and make payments to suppliers. The system is easy to use and streamlines these often complex and time consuming tasks, freeing you up to do the more important things.
	Our team of Business Foreign Exchange specialists are available to show you just how easy foreign exchange can be. Register now and your local specialist will call to arrange a convenient time to visit your business and discuss your needs. Click here…

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Important information about advice
As the advice on this website has been prepared without considering your objectives, financial situation or needs, you should, before acting on the advice, consider its appropriateness to your circumstances. View our Financial Services Guide (PDF 59kb). View the Product Disclosure Statement (PDS) for Business Foreign Exchange (PDF 690kb) issued by the Commonwealth Bank of Australia, and consider it before making any decision about the product. *Comparison with the four major banks. East & Partners Pty Ltd Australian SME Banking Markets Survey, April 2005.

4 July 2008 - AEST 8.30am - USD rallied following speculation that the ECB is unlikely to raise rates anytime soon - Euro fell from highs near US$1.5900 to US$1.5685 ending US trade near US$1.5700 - AUD fell from highs near US96.30c to around US95.80c and ending trade near US96c - JPY eased from around 105.95 yen per US dollar to JPY106.80 before ending at JPY105.85 - The Dow gained 73pts or 0.7pct while the Nasdaq lost 6pts or 0.3pct - US 10yr yields rose by 2pts to 3.98pct while US 2yr yields fell by 4pts to 2.54pct - Crude oil prices rose to fresh record highs ahead of the US independence day long weekend - Base metal prices were weaker on the LME as concerns over a slowing global economy continued to weigh on prices - The price of gold also trended weaker.

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