In their April 2018 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:

In Brief

  • The USD fell by more than half of a percentage
  • The Fed raised interest rate to 1.75%, signaling confidence
  • The European Central Bank changed policy language, removing allowance for easing measures as needed
  • The Mexican Peso is up 7.25% in 2018, the strongest of the major currencies

In Focus
The British Pound demonstrates historical ability to recover quickly

The View – Currency fluctuations of March continue into April

  • Although many countries are safe from trade barriers, tariffs were placed on metals and other products imported to the U.S. from China.
  • Claims have made by U.S. industry leaders that China has taken advantage of fair trade between the two countries.
  • It is suspected that the positive correlation between the U.S. Dollar’s appreciation and increases to interest rates has faded because rate increases have not helped appreciation.
  • Uncertainty over the possible repercussions to the tough stance with China trade continues, as Trump announced tariffs on aluminum, steel, other raw materials and manufactured products coming from China.
  • China has reacted to U.S. tariffs by adding tariffs to agricultural products and finished goods, exported to China from the U.S.
  • U.S. GDP growth in Q4 of 2017 expanded 2.9%, higher than the original reading of 2.5%
  • U.S. Industrial Production increased 1.1% in February, exceeding the estimates, Durable Goods increased by 3.1% and Consumer Price Index remained at an average 2.2% for the year.
  • Confidence in Europe continues to keep the Euro afloat, with an increase of 1.3% in March.
  • The European Central Bank did not change interest rates or quantitative easing, but indicated that the need to inject further aid to the financial system may be coming to an end.
  • NAFTA remains a concern, but to date has only impacted the Canadian Dollar, which saw a loss of 2.2% in mid-March, which mainly recovered after it was announced that Canada would be exempt from new tariffs.

IBC Members can download the complete Currency Outlook from the members-only section of the IBC website under the Special Reports section.  IBC membership is free for all regular IHA members – to learn more and to join, visit the IBC membership information page.

 

Share:

Facebook
Twitter
Pinterest
LinkedIn
Email
Reddit

Connect on Social Media

Similar Content

International Housewares Association Announces New Total Market Research Report For Home And Housewares Industry

The International Housewares Association (IHA) has launched the 2025 IHA State of the Industry report, a new total market resource for the home and housewares industry. The first of the report’s three installments, which provides data and analysis on U.S. market size by category and retail channel, was published today on IHA’s independent news and information platform, HomePageNews.com.

Read More »
Get The Latest Updates

Subscribe To Our Newsletter

No spam, notifications only about new member updates & products.

On Key

Related Posts

International Housewares Association Announces New Total Market Research Report For Home And Housewares Industry

The International Housewares Association (IHA) has launched the 2025 IHA State of the Industry report, a new total market resource for the home and housewares industry. The first of the report’s three installments, which provides data and analysis on U.S. market size by category and retail channel, was published today on IHA’s independent news and information platform, HomePageNews.com.

U.S. Retail Intelligence – May

April 30 – Import Gains Ahead of Tariffs Contributed to GDP Decline in Q1The U.S. Bureau of Economic Analysis reported real gross domestic product decreased

Picture of IHA

IHA

Lorem ipsum dolor sit amet consectetur adipiscing elit dolor

Log in to gain access to your permitted IHA resources.

Don’t have an account? Register here now!