11
Feb
Currency Updates
Euro crashes to four month lows ahead of Powell testimony
uro crashes to four month lows ahead of Powell testimony. Markets continue to rebound on easing concerns regarding coronavirus.
Concerns surrounding the ongoing coronavirus outbreak in China have dominated the headlines in financial markets in the past few weeks.
US dollar rallies as coronavirus fears abate. Last weeks non-farm payrolls report showed a strong bounce in job creation in the US.
Coronavirus fears ease, US dollar rallies on strong data. A dovish statement from Lagarde and underwhelming retail sales put pressure on the euro.
Equity markets, risk assets rally on easing virus fears. Sterling rallies on revised January services PMIs, and removal of short term ‘no-deal’ uncertainty.
What has been behind this week’s rally in the dollar? Johnson has stated that he would rather a ‘no-deal’ than meet the EU’s key demands.
There are a few red flags to look out for when paying a supplier or beneficiary for the first time. and each warrants further investigation.
Coronavirus fears slam financial markets worldwide. The BoE disappointed markets by keeping rates unchanged, with Carney striking an optimistic tone.
All you need to know following Wednesday’s Fed meeting. Eyes turn to today’s Bank of England meeting, with volatility expected around midday.
Bank of England voted to keep interest rates unchanged in Mark Carney’s final meeting as governor of the central bank.