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Aug 03, 2021 | Monthly Currency Outlook

Currency Market Outlook - August 2021

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

Written by George Vessey, UK Currency Strategist 

Highlights include:

USD: U.S. consumer inflation blew past expectations by jumping 5.4% in June, the fastest place since 2008.
CAD: Canada added nearly 231,000 jobs in June, a bigger than expected amount that lowered unemployment to 7.8% from 8.2%.
GBP: GBP/EUR volatility appears to have bottomed out, signalling a potential period of heightened fluctuations on the horizon, with the upside looking more promising at present.
EUR: A spike in COVID infections revived the threat of new travel restrictions in Europe which would impact the 2021 growth outlook.

 


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