In their May 2017 Currency Outlook report, Tempus, an exchange rate and global payments company, provides a detailed report including the following topics and sections:

In Brief

  • U.S. GDP growth was at its worst level since 2014
  • European Central Bank showed economic optimism, but remains hesitant on tightening
  • UK Prime Minister calls for early primary election
  • The USD lost 1.1% in April, erasing any gains had by the “Trump rally”

In Focus

  • First 100 days of Trump presidency sees unfavorable impact on USD.

The View – Developments in April increase questions in the long-term for the USD

  • Per Bloomberg, the USD is down 4.6% for the year
  • The Euro climbed 2.1%, reaching strongest level since October
  • Euro’s continued strength partially dependent on French election
  • GBP remained strong

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.

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