Currency Updates

Euro endures volatile day on ECB comments as emerging market currencies rally


uro endures volatile day on ECB comments, with talks of a hike as soon as 2019. No significant news about the US-China trade dispute.

Written by

Enrique Díaz-Álvarez


Escalating trade dispute causes Dollar rally as investors flee from risky assets. The EU considers recognising a hard Brexit as a real possibility.
Enrique Díaz-Álvarez 20 Jun 2018

Trade worries support safe-haven currencies, as Trump announces a 25% tariff on Chinese imports. Beijing confirms retaliation, causing investors to move away from EM markets.
Matthew Ryan 19 Jun 2018

Dollar rally resumes on hawkish Fed, with a 25 basis point rate hike, signalling towards a further 2 hikes this year. ECB announces an end date for QE.
Enrique Díaz-Álvarez 18 Jun 2018

ECB announces QE end date, whilst warning that any interest rate hikes are a long way off. US Dollar buoyed by six month high in retail sales figures.
Matthew Ryan 15 Jun 2018

The Federal Reserve raises rates by another 25 basis points, signalling a total of four hikes in 2018. All eyes on today’s ECB meeting.
Matthew Ryan 14 Jun 2018

The Federal Reserve is expected to hike rates by 25 basis points. Sterling slips after revised UK inflation misses expectations.
Matthew Ryan 13 Jun 2018

Another set of soft data out of the UK dragged the Sterling down while historic sign for US-N.Korea agreement takes the headlines.
Matthew Ryan 12 Jun 2018

This Thursday’s meeting of the European Central Bank in Riga, Latvia, is shaping up to be key, with increasing speculation over start to the QE programme.
Matthew Ryan 11 Jun 2018

Dollar rally pauses amid EM volatility which saw the Brazilian Real bouncing back from its panic lows as Sterling continues to trade close to 0.88 - 0.89.
Enrique Díaz-Álvarez 11 Jun 2018

The EUR/USD rate edged higher on Thursday, although lost ground this morning. The Turkish Lira jumped by around 2% following another rate hike.
Matthew Ryan 8 Jun 2018

Talks of an end to ECB stimulus measures lifted the Euro to three week highs while Sterling remains steady above the 1.34 level.
Matthew Ryan 7 Jun 2018

Euro rallies on reports ECB will be announcing an end date to the QE programme. Sterling bounces to its higher level in 2 weeks following Asian session.
Matthew Ryan 6 Jun 2018

Sterling recovers from Brexit uncertainty following positive services activity data. A bump in US Treasury yields helped support the greenback.
Matthew Ryan 5 Jun 2018

Euro stabilizes as political tensions in Spain and Italy subside. The latest US payroll report gives solid support to Dollar.
Enrique Díaz-Álvarez 4 Jun 2018

Italian coalition agreement ends political deadlock, Conte is re-appointed as Prime Minister. All eyes are on the US for a healthy non farm payrolls report.
Matthew Ryan 1 Jun 2018