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
Risk assets rallied and the dollar sold-off last week on renewed hopes for a large fiscal stimulus package in the US. Attention this week will be firmly on the latest US election polls and the ongoing Brexit negotiations.
The US dollar was set for another week of losses this morning as Democrat Joe Biden extended his lead in the latest election polls. Meanwhile, the euro and sterling both rallied, despite rising COVID-19 cases in Europe.
This week has been a particularly volatile one in the FX market, with risk appetite dragged in both directions by contrasting headlines surrounding the possibility of more US fiscal stimulus.
The US dollar bounced back against its peers on Tuesday after President Trump's fiscal stimulus announcement caused investors to once again favour the safe-haven currencies.
Optimism surrounding the possibility of more US fiscal stimulus and President Trump’s White House return supported risk assets on Monday, while sending the safe-haven dollar lower.
We are delighted to announce that Ebury has once again been ranked among the most accurate forecasters for the key EUR/USD pair.
The news that President Trump had tested positive for COVID-19 late-last week dominated headlines, although didn’t have a major impact on FX. Sterling rallied on Brexit optimism, while Euro Area core inflation fell to a new record low.
News that President Trump had tested positive for the COVID-19 virus sent reverberations around financial markets this morning. Safe-haven currencies rallied, while higher risk ones sold-off sharply.