For the third day in succession, a test of the psychologically important parity level in Euro-Dollar is underway, but a significant layer of options barriers could yet mean the exchange rate closes above this level again.
Could meaningful action by the US Fed this year see capital attracted back to the US, putting recent Asian emerging markets growth under considerable stress, ponders Ed Arghand, Senior Underwriter, Political and Credit Risk, HDI Global Specialty SE.
Ameropa has just signed a USD 750 million Multicurrency Revolving Borrowing Base Credit Facility with 19 banks (the” Facility”) arranged through an amendment and extension process. The increase from the original USD 600 million Multicurrency Revolving Borrowing Base Credit Facility, dated 14 June… read more →
Smart Currency Business have collated predictions from major banks and highlighted key factors which may influence the pound, euro and dollar in their latest quarterly forecast.
With two Brexit deadlines in 2020, it’s already looking like an eventful year for sterling. For more details on key events coming up for the pound, euro and dollar in 2020, be sure to download Smart Currency Business’s upcoming Quarterly Forecast, which will be released mid-January.
A trade war is unlikely to turn into a currency war, and the yuan’s exchange rate against the dollar should stabilize and be slightly lower than it was before the trade war. However, this situation is not what the United States wants to see, and how it will develop still needs to be observed to further respond to the depreciation of the RMB.
The pound continues to weaken as talk of a no-deal outcome heats up and uncertainty continues. The fact is, we’re no closer to any resolution than when Theresa May resigned, and the 31st October is rapidly approaching.
The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
The month of May marked the end of British Prime Minister ‘May’, and was ultimately about continuations of previous stories and themes, the outcome of the European Elections and the start of the Conservative leadership race.
Although the clocks went forward, they did not shed any fresh light on Brexit. The stalemate continued and the EU granted an extension to Article 50 until Halloween, by which time the clocks will have changed again and we’ll probably still be in the dark.
