Monthly Currency Outlook | Reports

Monthly Currency Outlook - March 2022

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

Monthly Currency Outlook March

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD:  Oil around $100 adds to upside inflation risks, a scenario that could spur the Fed to raise rates at least five times this year.
CAD:  The highest inflation in 30 years suggested a near-certainty that Ottawa on March 2 will raise its benchmark rate to 0.50% from 0.25%.
GBP:  The $1.33 to $1.37 range for GBP/USD isn’t expected to be broken unless we see major geopolitical or monetary policy surprises this month.
EUR:  A war in Ukraine could reverberate negatively within European economies causing energy shortages and higher import costs.
JPY:  There is potential for the yen to appreciate further if market volatility spikes and investor sentiment switches to panic mode.