The Dollar’s Rise in April: Effects on International Commerce
In their April 2017 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:
In Brief
- Stock markets declined, including a 3% Down Jones fall
- Record turnout in the Dutch election revealed Mark Rutte as the victor over Geert Wilders
- Brexit started March 29, beginning a two-year process
In Focus
- The GBP rose 3.3% in March
- Consumer Prices increased 2.3% in February, exceeding the Bank of England’s 2% target
- Polling in Scotland revealed underwhelming interest to leave the UK
- Downside risks remain for GBP including the official Brexit talks and stagnant consumption
The View – US$ facing downward pressure, but volatility in markets has returned
- The Fed’s March interest rate increase has not yet had a positive impact on the the USD
IBC Members can download the complete Currency Outlook from the members-only section of the IBC website under the Special Reports section. IBC membership is free for all regular IHA members – to learn more and to join, visit the IBC membership information page.
