In their July 2017 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:
In Brief
- US economic growth outlook downgraded by International Monetary Fund
- Italy’s election reform failed to pass
- Prices of WTI Crude sink to 7-month low after North American oil rig construction
- Global banks join Fed in considering tightening and curtailing easing measures
- Tories lose seat majority in British Parliament
In Focus
- British Pound experienced wild swings based on disconnect with expectation of Brexit
The View – Euro strengthens as US Dollar begins to suffer wounds of political uncertainty
- US Dollar begins to suffer based on political friction based on: healthcare shortfalls, travel restrictions and debased over taxes
- US stock market remains healthy due to banking and tech sectors
- US spending at slowest pace since 2013, but GDP for Q1 revised from 1.2 to 1.4%
- Euro continues in a state of continued recovery, gaining against many major currencies for the first time since 2013
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.
