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Expert market insight and updates to help you navigate the ever changing global currency markets
12
Apr
Currency Updates
Dollar loses steam as US bond market stabilises
n easing in US bond yields weighed on the dollar last week, while optimism over the EU’s vaccine rollout buoyed the common currency. ( 3 min )
We are delighted to share our latest achievements in @Bloomberg’s forecast rankings for Q1 2021, including being the #1 krona forecaster in Q1.
The FOMC struck a dovish tone in its meeting minutes on Wednesday, despite the impressive growth rebound witnessed in the US economy.
Emerging market currencies have rallied against a broadly weaker dollar in the past week, despite rising Treasury yields and a barrage of positive economic news out of the US.
La Banque Postale has entered into a partnership with Ebury to offer its SME customers an open banking solution to support their international activities including options to carry out spot foreign exchange transactions and make secure international transfers.
The diverging vaccination progress between the US and Europe continued to weigh on EUR/USD on Tuesday morning.
The euro fell to its lowest level since mid-November last week as investors grew increasingly concerned with rising virus cases in Europe.
Sterling fell to six-week lows versus the US dollar on Wednesday morning. The euro also lost ground, despite better-than-expected PMI numbers out of the common bloc.
We hope this article gives you an overview of the current Fraud & Security threats we face at this time. Remember, Ebury will never contact you without explanation to change its bank details. We would always provide significant notice of such a change.
Risk currencies lost ground against the US dollar on Tuesday morning as investors grew concerned about a third wave of virus infection in Europe.