Welcome to the Ebury® Blog
Expert market insight and updates to help you navigate the ever changing global currency markets.
Ebury acquires Prime Financial Markets and establishes presence in Africa
Ebury acquires South Africa-based firm specialising in advisory & intermediary services in treasury and financial markets space
Most currencies lost ground against the resurgent dollar on Tuesday, with a sharp move higher in US yields providing solid incentive for investors to unwind last week’s bearish greenback bets.
The US dollar regained a portion of its recent losses as markets opened for the week on Monday, with the dollar index up around half a percent on last week’s two month lows.
The dollar is struggling so far in 2022 even as US Treasury yields surge higher and the market prices in a faster hiking cycle from the Federal Reserve.
Louise joins Ebury from HSBC where she was the Head of Innovation, Delivery and Capability Development.
A spike in US bond yields failed to support the dollar, while sterling outperformed its peers as markets bet on a rapid pace of rate hikes from the Bank of England.
The Federal Reserve made it clear that it is increasingly concerned about inflationary pressures at its December meeting, and the dollar reacted accordingly.
Thursday’s announcement from the ECB indicated a significant adjustment to asset purchases, as expected. More surprising were hawkish signals from the central bank that pushed the EUR/USD to the strongest level in about two weeks.
Sterling rose sharply against its main peers following a surprise decision of the Bank of England’s Monetary Policy Committee to deliver its first interest rate hike since the pandemic began.