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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
EM currencies generally outperformed last week, supported by rising commodity prices. Focus this week will be firmly on central bank meetings of both the Federal Reserve and the Bank of England.
Read our ECB March Meeting Reaction. As anticipated by investors, the European Central Bank stepped up its efforts to rein in rising European bond yields at its monetary policy meeting on Thursday.
The ECB’s March meeting will likely dominate trading in the FX market on Thursday, with investors bracing for comments on the recent increase in global bond yields.
The common currency sank to its weakest position since late-November on Monday as rising Treasury yields caused investors to once again favour the US dollar.
The dollar continued to rally versus its peers last week as US Treasury markets once again sold off. All eyes now shift to this Thursday’s European Central Bank meeting.
The US dollar and euro outperformed most other currencies last week as spooked bond investors sent Treasury yields sharply higher.
Last week saw a general continuation in the themes we’ve seen in the FX market since the start of 2021, with risk assets and commodity currencies largely outperforming.
A strong set of US retail sales figures buoyed the dollar against most major currencies on Wednesday.