Market Reports
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1 min readWelcome to the weekly market update from IFX payments. The global economy was allowed a brief sigh of relief this morning as big movements were made in the US and China trade talks. Read on to find out more. Current rates Currency pair Rate eur usd 1.1099 gbp eur 1.1864 gbp usd 1.3170 Rates correct as […]
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IFX Market Report: Wednesday 25th May 2022
2 min readMonetary policy outlook from the Fed and the ECB have been the main factors this week on currency markets as traders and investors await clues about interest rates hikes from both central banks as they aim to fight inflation.
IFX Market Report: Tuesday 24th May 2022
2 min readThe U.S. dollar index, which hit a two-decade high of 105.01 on May 13, yesterday broke its support at 102.24 and hit a near-month low.
IFX Market Report: Monday 23rd May 2022
2 min readThe optimism that is blowing through the markets this morning comes from the Chinese news.
IFX Market Report: Friday 20th May 2022
2 min readThe dollar index, a unit of measurement against six major currencies, is down 1.42% on the week, on track to break a six-week streak of gains.
IFX Market Report: Thursday 19th May 2022
3 min readStock markets resumed their bearish trend strongly as investors worried about global inflation, China’s zero COVID policy and the war in Ukraine, while the dollar and especially safe-haven currencies like the yen and franc Switzerland have been favoured by investors seeking safety.
IFX Market Report: Wednesday 18th May 2022
2 min readThe pound and euro held onto most of their gains from the previous day on Wednesday as hopes of an easing of lockdowns in China and rising retail sales in the United States pushed investors into riskier assets and away from the safe-haven US dollar.
IFX Market Report: Tuesday 17th May 2022
3 min readThe dollar remains elevated near its 20-year high against a basket of currencies as investors seek safety amid global growth fears, heightened by weak Chinese economic data released this morning, which lower the Australian dollar
IFX Market Report: Monday 16th May 2022
2 min readThe dollar remains elevated near its 20-year high against a basket of currencies as investors seek safety amid global growth fears, heightened by weak Chinese economic data released this morning, which lower the Australian dollar
IFX Market Report: Friday 13th May 2022
2 min readThe US dollar remained close to 20-year highs in the Asian session this morning after yesterday’s advance, buoyed by demand for safe-havens, as Russia raged over Finland’s draft to apply for NATO membership and that Sweden could follow.