US dollar volatile as currency markets adjust
The second half of October brought more volatility as investors tried to gauge whether another Federal Reserve interest rate rise was on the cards.
The second half of October brought more volatility as investors tried to gauge whether another Federal Reserve interest rate rise was on the cards.
The latter half of September has been characterised by significant US dollar demand, with USD exchange rates being propelled to new multi-month highs.
The past couple of weeks have been characterised by a downbeat market mood, which has been particularly painful for the pound.
We witnessed some notable swings in the currency market over the past couple of weeks, as investors revised interest rate expectations for the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve.
The pound trended broadly higher over the past couple of weeks as some stronger-than-expected UK data releases bolstered Bank of England (BoE) interest rate expectations.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
We witnessed some dramatic swings in the currency market over the past couple of weeks, amid signs inflationary pressures are easing across the globe.
Trade in the pound has been highly changeable over the past couple of weeks as Bank of England (BoE) interest rate speculation has proven to be a double-edged sword for the currency.
The US dollar enjoyed strong support through the second half of May, with the safe-haven currency being propelled to multi-month highs amid a prevailing risk-off mood.
The latest interest rate decisions from the Bank of England (BoE), European Central Bank (ECB) and Federal Reserve have injected significant volatility into the currency market so far in May.