Central bank policy bets boost Euro and dent USD
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
Currencies Direct
Cooling US inflation triggers USD sell-off
A slowdown in US inflation hammered the US dollar over the past two weeks, while prompting a risk-on rally in markets. However, downbeat economic and geopolitical news caused some turbulence.
EUR/USD rebounded from parity
Currency volatility remained elevated over the past couple of weeks, most notably in the EUR/USD exchange rates will jumped back above parity following the latest European Central Bank (ECB) rate decision.
Pound rocked by BoE’s bleak economic forecasts
Central bank policy speculation has been a key driver of currency movement over the past couple of weeks and had infused the FX market with some notable volatility.
Euro/USD sustains fall below parity
The currency market has been infused with some notable volatility over the past couple of weeks, following Russia’s invasion of Ukraine.
Euro strikes parity with the US dollar
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
Recession fears turbocharge US dollar
Fears of a looming global recession have acted as a key catalyst of movement in the currency market over the past couple of week, leading to investors favouring safe-haven assets.
Currency Markets Rocked
Trade in the currency market has been erratic through the first half of June following the European Central Bank’s (ECB), Federal Reserve’s and Bank of England’s (BoE) latest interest rate decisions.
Brexit, currency transfers and the law
As we adjust to life post-Brexit there are many things to consider, but if you need to move money abroad there is one particular change that it’s essential to be aware of. The free movement of services came to an end at the close of the transition period, with service providers instead having to comply …