In their December 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 Fed has hinted at slowing the pace of interest rate hikes, thus slowing the momentum of the USD
  • Despite pressure on the USD, consistent economic data kept it afloat
  • November oil prices fell about 30%, thus the chances of the Mexican Peso or the Canadian Dollar increasing have also fallen
  • Brexit pressures brought the GBP down 2%
  • Australian Dollar, New Zealand Dollar, Singapore Dollar and South African Rand rose on risk-appetite
  • The Brexit deadline was postponed to November 21 and the GBP remains volatile
  • The Euro increased as concerns over Italy’s budget faded with hopes of compromise

In Focus
British Prime Minister May has little support and so do the prospects for the GBP

The View – The U.S. Dollar may see end of the year troubles return

  • The U.S. Dollar has gained almost 4% this year and therefore it would take a major shift for the currency to close the year with a losing performance
  • In spite of the U.S. Dollar’s strength, this year-end feels like 2017 when market turbulence provoked fear and the effects were felt strongly by the dollar
  • Uncertainty in global markets has benefited the U.S. Dollar’s strength, but modified trade agreements and recovery could put pressure on its strength
  • December 19 marks an anticipated fourth interest rate hike anticipated by the Fed if economic indicators remain strong
  • Trump and others are criticizing the Fed’s pace of interest rate hikes, indicating that the hikes could be an obstacle to manufacturing and employment
  • The European Central Bank is expected to announce the end of its quantitative easing program which was designed to dig the continent out of a deep hole
  • If the Italian budget is approved and the difficulties reaching a deal are forgiven, a fiscal revamp is possible in the Eurozone in which nations will receive more flexibility on bending debt and deficit limits
  • The Euro could see a boost as a result of improved political environment as an effort has been made to address job-creation, modernization of infrastructure and keeping the European Union
  • The December 11 UK Parliament vote to see if the EU-approved deal passes will be critical to see if the deal by Prime Minister May will be able to survive

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 »

International Housewares Association Partners With Quickcode To Help Members Navigate Tariffs

Members of the International Housewares Association (IHA) now have access to new tools to help them keep up to date on rapidly changing tariffs, regulations and rulings through the organization’s new collaboration with Quickcode. The partnership, which features discounted pricing to Quickcode’s AI-powered platform, is one more way IHA is helping members navigate tariffs and informing, supporting and enabling them to lead in the global marketplace.

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

International Housewares Association Partners With Quickcode To Help Members Navigate Tariffs

Members of the International Housewares Association (IHA) now have access to new tools to help them keep up to date on rapidly changing tariffs, regulations and rulings through the organization’s new collaboration with Quickcode. The partnership, which features discounted pricing to Quickcode’s AI-powered platform, is one more way IHA is helping members navigate tariffs and informing, supporting and enabling them to lead in the global marketplace.

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!