USD broadly firmer, sterling bolstered by agreement expectations on Irish border.
John Schweizer |
November 30, 2017
The greenback rally garners continued support from an uptick in US yields yesterday, President Trump’s nomination of Marvin Goodfriend to the Fed’s board of Governors, the potential for a Senate vote on US tax reform and improved US PCE deflator data today. Sterling also maintained a bid tone as a needed Brexit agreement in principle over the “hard boarder” issue between the Irish Republic and Northern Ireland may be at hand.
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|Source: Bloomberg 2017|
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About the Author
John Schweizer is a product and foreign exchange advisor with Silicon Valley Bank’s Global Financial Services Group, based in Boston, MA. He works with SVB clients who conduct business globally and advises on the products, strategies and solutions used to manage international transactions and cash flows and mitigate the risk associated with currency fluctuations.
John has over 25 years of financial services experience in global treasury and foreign exchange, encompassing trading, sales and marketing, and product advisory. Prior to joining Silicon Valley Bank, he worked at several financial institutions including BankBoston, TD Bank and Fidelity Investments.
John holds a B.A. in International Affairs from The George Washington University and a M.S. in Multinational Commerce from Boston University.
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