USD strengthens on employment change numbers, turmoil surrounding May and Brexit, and speculation of growth in Canada.
Ben Johnston |
December 06, 2017
As ADP employment numbers came out right at the survey number, the dollar has strengthened overnight against its major counterparts. Across the pond there is rumored dissention in May’s party surrounding Brexit terms with talks to pick up at week’s end. The CAD is rising before the BoC’s decision as Australian Dollar tumbles amidst bad GDP data.
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|Source: Bloomberg 2017|
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About the Author
Ben Johnston is a foreign exchange advisor for Silicon Valley Bank’s global financial services group, based in Boston, MA. He specializes in developing niche-specific risk management and process optimization strategies for Silicon Valley Bank's Private Equity and Venture Capital clients, including exposure identification, risk management, policy development and tailored product strategy. He has over nine years of experience in the banking industry, including portfolio management roles at Sovereign Bank/Santander and Silicon Valley Bank.
He holds an undergraduate degree of Finance & International Economics from Bentley University.
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