Individuelles FX-Risikomanagement, das Ihr Unternehmen vor Wechselkursschwankungen schützt: Zum FX Leitfaden.
-
CH - DE
- Australia - English
- België - Nederlands
- Belgique - Français
- Canada - English
- Canada - Français
- Česká Republika - Čeština
- Deutschland - Deutsch
- España - Español
- France - Français
- Ελλάδα - Ελληνικά
- Hong Kong - Traditional Chinese
- Hong Kong - English
- Italia - Italiano
- Luxembourg - English
- Nederland - Nederlands
- Polska - Polski
- Portugal - Português
- România - Română
- Schweiz - Deutsch
- Suisse - Français
- United Arab Emirates - English
- United Kingdom - English
Contact our experts
Ebury London
100 Victoria Street
London
SW1E 5JL
+44 (0) 20 3872 6670
[email protected]
Ebury.com
Trade worries support safe-haven currencies, hurt stocks and EM
- zurück
- Latest
19 June 2018
Last week Donald Trump, announced that the US will impose a 25-percent tariff on $50 bn worth of Chinese imports.
New duties, coupled with the tariffs on steel and aluminum that are now also levied on Canada, Mexico and the EU, created an environment of uncertainty that caused a sense of disruption and worry among investors, as well as, central bankers across the globe.
The effects of this uncertainty could be seen across financial markets on Monday. Assets perceived by investors as ‘risky’ such as, global stocks and emerging market currencies, were sold-off and assets on the opposite side of the spectrum such as, safe-haven currencies (JPY, CHF), increased in value. However, during the New York session most such assets reversed course, to end the day near unchanged.
Sterling extends losses, EUR/USD remains flat
The British currency extended losses on Monday, falling against both the Euro and Dollar. The currency is still weighed down by Brexit negotiations, weak macroeconomic data and the Bank of England’s delay of rate increases, but recently suffered mostly because of Dollar strength. GBP/USD started the week close to this month’s lows. It is unlikely that we’ll see a large turn this week, unless the BoE surprises to the upside on Thursday. Investors will mostly be looking at the vote distribution, they expect 7-2 in favor of maintaining the current level of interest rates. If additional members decide to take a hawkish turn and vote for an immediate hike, Sterling will likely strengthen.
The Euro trade-weighted index rebounded slightly on Monday, rising by 0.2%, but because of the similar move in the Dollar, the main currency pair remained largely unchanged. The common currency suffered over worries of a possible German CDU/CSU coalition breakup, over disagreements on the topic of immigration. Angela Merkel was given two weeks to resolve the issue of asylum on the European level and, at this point, it seems likely that the two parties will find a common ground.
With no major economic news from main economies over the next few trading sessions, investors will await Thursday’s Bank of England meeting and Friday’s PMI prints for Euro Area and the US.
Privacy Overview
Cookie | Duration | Description |
---|---|---|
cookielawinfo-checkbox-advertisement | 1 year | Set by the GDPR Cookie Consent plugin, this cookie is used to record the user consent for the cookies in the "Advertisement" category . |
cookielawinfo-checkbox-analytics | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". |
cookielawinfo-checkbox-functional | 11 months | The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". |
cookielawinfo-checkbox-necessary | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookies is used to store the user consent for the cookies in the category "Necessary". |
cookielawinfo-checkbox-others | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Other. |
cookielawinfo-checkbox-performance | 11 months | This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Performance". |
viewed_cookie_policy | 11 months | The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. It does not store any personal data. |
Cookie | Duration | Description |
---|---|---|
_ga | 2 years | The _ga cookie, installed by Google Analytics, calculates visitor, session and campaign data and also keeps track of site usage for the site's analytics report. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. |
_ga_VKKLQGLB51 | 2 years | This cookie is installed by Google Analytics. |
_gat_gtag_UA_51187572_40 | 1 minute | This cookie is set by Google and is used to distinguish users. |
_gid | 1 day | Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Some of the data that are collected include the number of visitors, their source, and the pages they visit anonymously. |
pardot | past | The pardot cookie is set while the visitor is logged in as a Pardot user. The cookie indicates an active session and is not used for tracking. |
Cookie | Duration | Description |
---|---|---|
_lfa | 2 years | This cookie is set by the provider Leadfeeder. This cookie is used for identifying the IP address of devices visiting the website. The cookie collects information such as IP addresses, time spent on website and page requests for the visits.This collected information is used for retargeting of multiple users routing from the same IP address. |