Corporate FX Daily Update 03.04.2017
MORNING RATES | ||||
---|---|---|---|---|
EUR/USD | 1.0674 | |||
GBP/EUR | 1.1743 | |||
GBP/USD | 1.2534 | |||
EUR/GBP | 0.8509 |
Latest currency movement saw the Euro dip on a softer inflation release. Inflation significantly slowed to 1.5% from 2.0% in February.
In the US, Fed Member Dudley states that another two hikes this year would be “reasonable”. US data revealed mixed results: Michigan Consumer Sentiment was lower than expected while Chicago Purchasing Managers’ Index increased.
The CAD briefly strengthened against the Pound as GDP data showed the economy grew .6% in January.
- EUR/USD held below 1.0700.
- GBP/USD broke back above 1.2500
- GBP/EUR above 1.1700.
The day ahead:
- Markets concentrate on the following data releases.
- Manufacturing PMIs for Canada and the US will be released in the afternoon (14:30, 15:00 BST).
- US Fed Members Dudley speaks today at (15:30 BST), while Harker and Lacker will address at (20:00, 22:00 BST) respectively.
- Overnight, Australia will release Febuary trade balance data (02:30 BST) while the Reserve Bank of Australia is expected to keep interest rates on hold at 1.5% (05:30 BST).
Interpay Ltd trading as TransferMate is regulated by the Central Bank of Ireland
CONTACT US |
---|
To learn how TransferMate can help your business save money when dealing with international transfers chat with us 24/7