News
28 Mar 2017

Corporate FX Daily Update 28.03.2017

MORNING RATES
EUR/GBP
0.8623
EUR/USD 1.0854
GBP/EUR 1.1577
GBP/USD 1.2566

 

USD weakened yesterday following disagreement to Trump’s healthcare bill however recovered losses during overnight trading. In Fed Member Evans speech yesterday afternoon, he said he does not see a solid case for four interest rate hikes this year.

 

STG rose to a new high against the Aussie dollar since February 2nd, the Canadian dollar since December 6th and the kiwi dollar since December 22nd.

 

GBP/USD broke above 1.2600 while EUR/USD traded at 1.0900.

 

Today's economic calendar is moderately quite ahead triggering of Article 50.

  • Economic releases include the US’s Goods Trade Balance, S&P/Case-Shiller Home Price Indices, and Consumer Confidence (13:30, 14:00, 15:00 BST). 
  • Bank of Canada Governor Poloz speaks this afternoon (15:10 BST).
  • Fed speakers include Fed Chair Yellen (17:50 BST), as well as George, Kaplan, and Powell (17:45, 18:00, 21:30 BST).

 

 

 

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