Currency Updates

Dollar bounces back as Trump cancels threatened tariffs on Mexico; Peso surges


ollar bounces back as Trump cancels threatened tariffs on Mexico; Peso surges. Markets are now pricing in an almost certain victory for Boris Johnson.

Written by

Enrique Díaz-Álvarez


Learn about the latest market updates for Euro, Sterling and US Dollar with our Mandarin speaking Key Account Director, Qi Yan.
Eleanor Stevenson 11 Jun 2019

Dollar routed as markets brace for Federal Reserve cuts. The ECB stayed mainly on script, with only minor adjustments to monetary policy.
Enrique Díaz-Álvarez 10 Jun 2019

Euro rallies on less-dovish-than-expected ECB meeting. May steps down as Prime Minister today, lack of clarity over who will take over.
Matthew Ryan 7 Jun 2019

Euro retraces gains ahead of crucial ECB meeting. Service data out of the UK surprises to the upside, all eyes on Carney speech today.
Matthew Ryan 6 Jun 2019

Fed Chair Jerome Powell hints at US interest rate cut. Trump hints at ‘phenomenal’ post-Brexit trade deal with the UK, Sterling gains.
Matthew Ryan 5 Jun 2019

Escalating trade war fears drive markets. Tensions continue to increase, with parties with a clear stance on Brexit overtaking Labour and the Tories.
Enrique Díaz-Álvarez 3 Jun 2019

The European Central Bank (ECB) will be announcing its latest policy decision on Thursday, with investors hoping for an upbeat Draghi.
Enrique Díaz-Álvarez 3 Jun 2019

FX market rattled as Trump slaps tariffs on Mexico. Concern that a Boris Johnson led Tory party will lead to a ‘no-deal’ Brexit grows.
Matthew Ryan 31 May 2019

Euro edges lower as risk-off mode dominates trading. Canadian Dollar slides to its lowest level in 5 months after dovish BoC meeting.
Matthew Ryan 30 May 2019

Safe-havens gain as China warns over trade war retaliation. Boris Johnson remains the bookmakers favourite to replace Theresa May.
Matthew Ryan 29 May 2019

May resignation sends Sterling tumbling. Populist anti-Euro parties did poorly in elections, meaning even more positive news for Euro.
Enrique Díaz-Álvarez 28 May 2019

Dollar falls on soft US data, Theresa May resigns as PM. Her successor, most likely pro-Brexit Boris Johnson, will be appointed by 7th June.
Matthew Ryan 24 May 2019

Sterling slides to fresh lows on calls for May to quit as PM. European Parliament elections slip under the radar, results expected to be revealed on Sunday.
Matthew Ryan 23 May 2019

Pound sinks to four month low as MPs slam May’s Brexit plan. Uncertainty ahead of European Parliament elections keeps Euro under pressure.
Matthew Ryan 22 May 2019

Sterling slides below 1.27 on risk aversion, Brexit worries. Attention turns to May’s successor, with Boris Johnson as the bookies favourite.
Matthew Ryan 21 May 2019