In their September 2017 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:
In Brief
- Revisions of second quarter US GDP showed higher level of growth than anticipated
- Brexit negotiations start up again, but have gone nowhere
- Stock indexes thrived, hitting all-time records
- North Korea continues to flex nuclear muscle
- Long, expensive recovery underway in Houston after Hurricane Harvey
In Focus
- Euro is the second best preforming currency of 2017, turnaround likened to the USD’s 2014 surge
The View – U.S. Economy faces challenges
- Lack of inflationary growth in the U.S. creates feeling of stagnancy
- Natural disaster caused by hurricanes add additional uncertainty
- Labor sector is solid with increase of average hourly earnings against last year
- Japanese Yen and Swiss Franc climbed 2.5%, a trend which is anticipated to continue
- Difficulties continue as talks over Brexit have not yet given clear conclusions of important issues
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.
