Corporate foreign exchange news

Dollar may see seasonal forex drop

Tuesday, 23 March 2010 09:30:26 GMT

Published by Jamie Jemmeson
The dollar may peak this month before rolling back until June, a new 20-year seasonality report from Equityclock.com shows.
According to the Financial Post, a series of political and economic events may give weight to the technical data this year, pushing the global reserve currency down against major competitors until mid-year.
Among the factors that may hurt the dollar this week is an expected resolution to Greece's debt crisis, although concern lingers as to whether EU leaders will resolve to bail out the country, or whether it will be forced to turn cap-in-hand to the International Monetary Fund.
Meanwhile, growing enmity between China and the US could also disrupt trade between the two powerhouse nations over the coming weeks, with Google's withdrawal from the country yesterday (March 22nd) bringing such concerns to the fore.
Following an unresolved dispute concerning a highly sophisticated security breach thought to have originated from China, Google has redirected all traffic from its Chinese site to its Hong Kong homepage.
For more information on foreign exchange treasury services and risk management, visit our Corporate FX siteADNFCR-2522-ID-19683179-ADNFCR
Logo

Speak to one of the team

Please get in touch.

Contact details

Corporate FX
5th Floor, 62 Cornhill
London, EC3V 3NH
United Kingdom
Tel: 020 7743 7000
Fax: 020 7743 7001
Email: info@corporate-fx.co.uk

Contact us / Feedback

Thanks for contacting us

Map and directions

We are situated in the heart of the city of London.

Nearest tube/DLR stations:

Bank
Liverpool Street
Aldgate
Monument

Nearest mainline rail stations:

Liverpool Street
Fenchurch Street
Cannon Street

Global Reach Partners Limited; Registered in England No. 4344764. Registered for Money Laundering Regulations and Money Services
Business at Her Majesty's Revenue & Customs registrations No. 12140164. Supervised by the FSA in accordance with the payment
services regulations 2009, registration No. 504315.
© 2009 Global Reach Partners. Site credits