Oct 01, 2021 | Monthly Currency Outlook

Currency Market Outlook - October 2021

Our October 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: Year-to-date, the dollar index has appreciated about 4%.

CAD: The fourth wave of Covid-19 took a bigger than expected bite out of Canada's economy which unexpectedly contracted 1.1% during the April-June quarter.
GBP: The monthly change in UK inflation rose as its fastest pace since 1997 but wage growth slowed from record highs and retail sales unexpectedly fell. 
EUR: Concerns about likelihood of real estate turmoil in China spilling over to global financial markets cold drag on the euro. A market sell-off would see the European currency weaken. 

Click to view