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Monthly Currency Outlook | Reports

Monthly Currency Outlook - September 2021

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

Monthly Currency Outlook September

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD:  A Fed that starts to taper bond purchases by November could set the stage for an interest rate hike around mid-2022, a dollar-positive outlook.
CAD:  As of late August, polls suggested a narrow lead for Mr. Trudeau’s Liberals over the Conservatives and New Democrats.
GBP:  GBP/EUR volatility remains subdued following a brief period of volatility last month, but should €1.18 be breached once again, the €1.20 level becomes a more likely upside target before year-end.
EUR:  While market investors fear a new wave of infection in Europe and a downgrade of the area, the euro could re-rate toward $1.20 if that scenario does not eventuate.
JPY:  Monetary decisions from the main central banks, especially Fed and BoE whose markets bet on tightening actions this year or next, could impact global volatility.