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6

Dec

Weekly Market Update

Federal Reserve hawkish turn tanks markets

T

he safe-haven currencies outperformed last week as a hawkish turn from Fed chair Powell added to the uncertainty in financial markets. ( 3 min. )

Written by
Enrique Díaz-Álvarez

The emergence of the Omicron variant of COVID shocked financial markets last week, supporting the safe-havens and sending risk assets sharply lower.

Enrique Díaz-Álvarez 29 November 2021 3 min.

dollar

The US dollar continued to rally against most major currencies last week on rising expectations for Federal Reserve interest rate hikes.

Enrique Díaz-Álvarez 22 November 2021

Victor Tuson to drive forward the next stage of Ebury’s technological development across the globe as the new CTO.

Marta Alvarez 17 November 2021 3 min.

The Chinese yuan (CNY) has been one of the most resilient emerging market currencies in the world since the outbreak of the COVID-19 pandemic in the first quarter of 2020. Its performance so far in 2021 fully validates our view that it can now be considered a hard currency, rather than an emerging market one. But what about the other markets?

Matthew Ryan 16 November 2021 3 min

The dollar rallied against every other major currency last week after the release of another blowout US inflation report.

Enrique Díaz-Álvarez 15 November 2021 3 min

Partnership between one of the largest banks in the world and a leading global fintech to support businesses in Germany with international trade. This is the first formal partnership between the two parties since Banco Santander invested approximately €400m in Ebury in 2020 to improve services for SMEs.

Sophie Scheltema 9 November 2021 5 min. read

Sterling sank against its peers last week after the Bank of England unexpectedly kept interest rates unchanged.

Enrique Díaz-Álvarez 8 November 2021 3 min.

BoE holds rates: the unreliable boyfriend strikes again

Yesterday’s Bank of England meeting delivered a dovish surprise and raised fresh question marks over the credibility of central bank forward guidance.

Matthew Ryan 5 November 2021 4 min

Federal Reserve

The Federal Reserve stuck to the script during its monetary policy meeting on Wednesday, tapering its quantitative easing programme, but suggesting that interest rate hikes remain some way off.

Matthew Ryan 4 November 2021 3 min