The Currency Account Blog

Ivo Cunningham, Head of Dealing

Daily FX Report - 24 June 2019

Headlines   • Relative interest rate expectations had a crucial impact on currencies during the week. There were increased expectations that the Federal Reserve would cut rates this year, especially with some weak US data releases.  • The ECB also suggested further action was likely over the next few months, but..
by Ivo Cunningham, Head of.. | 24/06/2019
Ivo Cunningham, Head of Dealing

Daily FX Report - 21 June 2019

Summary Global interest rates developments and expectations have continued to dominate over the past 24 hours. The dollar was again hurt by expectations of Federal Reserve rate cuts while Sterling gains were hampered by a more cautious outlook from the Bank of England. In contrast, the Norwegian krone strengthened after the central bank..
by Ivo Cunningham, Head of.. | 21/06/2019
Ivo Cunningham, Head of Dealing

Daily FX Report - 20 June 2019

Summary Global interest rates have dominated market moves with the US Fed statement maintaining strong expectations that US rates would be cut aggressively. In this environment, the dollar weakened sharply, although the Euro was hampered by expectations that the ECB would also take further action. Expectations of rate cuts elsewhere..
by Ivo Cunningham, Head of.. | 20/06/2019
Ivo Cunningham, Head of Dealing

Daily FX Report - 18 June 2019

Summary A weak US business confidence survey triggered fresh concerns over the US outlook, although the market impact was mixed as market concerns over the global outlook also increased. There was a significant lack of confidence in all major currencies with investors searching for safe-havens. The dollar edged lower, but losses were..
by Ivo Cunningham, Head of.. | 18/06/2019
Ivo Cunningham, Head of Dealing

Daily FX Report - 17 June 2019

Summary Firm US retail sales data and an underlying lack of confidence in other major currencies were important factors supporting the US dollar on Friday, especially with underlying fears over trade tensions. Sterling was sapped by on-going political uncertainty while fears over low inflation continued to undermine the Euro. Positioning..
by Ivo Cunningham, Head of.. | 17/06/2019
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