News
03 Apr 2017

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).

 

 

 

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