Monthly Currency Outlook | Reports

Monthly Currency Outlook - April 2022

Our April report outlines the key events and drivers that our analyst team expects to impact FX currency markets in the weeks ahead.

Monthly Currency Outlook April

Written by George Vessey, UK Currency Strategist 

Highlights include:

US dollar:  The Fed will monitor key jobs and inflation data to help it decide whether to raise rates by 50 basis points in early May.
Canadian dollar: The war in Ukraine has exacerbated inflation risks, particularly with oil up more than 50% after ending 2021 at $75.
British pound: GBP/USD has yet to break below $1.30, but if geopolitical tensions intensify along with the sentiment and commodity shock rattling markets, this key support level may soon give way.
Euro:  The longer war in Ukraine persists, the higher the odds that the Russian president loses his temper accentuates military pressures in region.
Japanese yen:  The global outlook is very uncertain, but investors aren’t panicked yet which offers room for a re-rating of the Japanese currency should confidence crack.