Currency news

USD firm ahead of Easter Break

Head of FX Analysis at Equals Money
-
3
min read
Publish date
March 28, 2024
  • Fed Waller calls for later and shallower rate cuts


Recap

Minimal price action over the course of the European trading session. GBP was marginally higher, with JPY the biggest winner following some firm talk from authorities in the Bank of Japan that there may be imminent intervention on the continued weakness of JPY.

Fed Waller spoke in the evening and was hawkish as ever, causing USD gains across the board – the USD index is now at a month high.

Today

Market rates

*Daily move - against G10 rates at 7:30am, 28.03.24

** Indicative rates - interbank rates at 7:30am, 28.03.24

Table - 2024-03-28T084914.864

Data points

Table - 2024-03-28T084917.386

Speeches

  • None today.

Our thoughts

Final Q4 numbers from the US will be out today, but unless we see a big deviation on the two previous estimates then volatility likely to be subdued, especially ahead of the long weekend and the core PCE numbers tomorrow. Weekly jobless claims are out, and will be in focus to give a gauge of the jobs market. USD has started the day stronger following Waller's comments.

How we can help

Our team of currency experts are here to help you get more from your money when making international payments. We will work with you to understand your payment needs and offer specialised guidance on the best options available to you. Over the last 17 years we’ve helped over a million customers and last year alone processed over £9.1bn. We’re tried and trusted, and we’re ready to help you.

Have a great day and wishing you a good Easter!

International payments made simple
Find out more

Still have questions?

This is some text inside of a div block.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

This is some text inside of a div block.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

This is some text inside of a div block.

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.