In their May 2017 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:

In Brief

• U.S. GDP growth was at its worst level since 2014
• European Central Bank showed economic optimism, but remains hesitant on tightening
• UK Prime Minister calls for early primary election
• The USD lost 1.1% in April, erasing any gains had by the “Trump rally”

In Focus

• First 100 days of Trump presidency sees unfavorable impact on USD.

The View – Developments in April increase questions in the long-term for the USD

• Per Bloomberg, the USD is down 4.6% for the year
• The Euro climbed 2.1%, reaching strongest level since October
• Euro’s continued strength partially dependent on French election
• GBP remained strong

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.