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.
EUR/USD strikes one-year high amid persistent US dollar selling pressure. Movement in the currency market was characterised by notable US dollar weakness in the first half of April
After a chaotic start to the month amid a crisis in the banking sector, the currency market stabilised in the second half of March as contagion fears eased.
Central bank policy bets boost the euro and dent the US dollar – Central bank dynamics have driven the currency markets over the last fortnight.
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.
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.
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.
The currency market has been infused with some notable volatility over the past couple of weeks, following Russia’s invasion of Ukraine.
The past couple of weeks have seen the euro face significant pressure amid fears of an impending Eurozone recession.
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 …
