HomeSitemapHelp
Economic & Market Overview
New Regulatiuons
Currencies
  • Events in the currency markets partly mirrored those in commodity markets, with a number of previously strong, resource-linked currencies such as the Australian dollar and the Norwegian krone losing ground against the US dollar. Other recent beneficiaries of currency strength also retreated. One of the month’s biggest losers was the Swiss franc, while the Japanese yen also declined against the US dollar. Meanwhile, slowing European economic growth placed pressure on the euro, while sterling made small gains against the US dollar. Latin American currencies were among the top performers as investors speculated that central banks in the region would be forced to raise rates aggressively to rein in soaring local inflation.

Privacy
Policy
Important Information
  BNY Mellon Fund Managers Limited, ISA Manager, ACD and unit trust Manager is authorised and regulated by the Financial Services Authority. BNY Mellon Fund Managers and Newton Investment Management are members of the IMA. Newton Investment Management Limited (an Investment Company) is authorised and regulated by the Financial Services Authority. BNY Mellon Fund Managers Ltd - The Bank of New York Mellon Centre 160 Queen Victoria Street London EC4V 4LA. Place of registration: UK Reg No.1998251. © Newton .