Corporate foreign exchange news

Published by Mark Smith-HalvorsenThe euro was proving resilient against the dollar in global forex trading overnight (20th July), with the single currency overcoming early weakness to rally late in the Asian trading session.Trading Floor reports that forex brokers took a lenient approach to risk in trading this morning and quickly shrugged off concerns yesterday about the International Monetary Fund's involvement in Hungary and Moody's decision to downgrade Ireland's credit rating to Aa2.It is likely to be a relatively quiet day for euro trading, with only the latest monthly German producers' price index to be digested.According to Forex Factory research, the next high-impact data set to weigh on the euro will not come until Friday (July 24th) with the publication of the latest German Ifo Business Climate figures.Sterling meanwhile looks set for a comparatively busy week, with Bank of England minutes, monthly retail sales figures and preliminary quarterly gross domestic product figures all expected to have a high impact on forex trading.For more information on foreign exchange treasury services and risk management, visit our Corporate FX site