Currency OutlookCurrency Outlook

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Typically, December can be a volatile period for currency markets, with reduced liquidity in the market heightening the chances of bigger spikes. Add this year’s pandemic and Brexit into the mix, and we could expect some more significant moves to come before the year is out.

Our OFXperts expect to see currency markets mostly moved by:

  • Positive risk demand. Vaccine hopes, the potential for US and European stimulus, and at least a partial Brexit agreement, are fuelling demand for riskier currencies.
  • Central bank announcements from England, the Eurozone and the US. If the economic outlook contradicts the current optimism we could see some volatility spikes in the USD and JPY.
  • News of any further Covid vaccine approvals from regulators.
Download the 1-page overview to find out from our OFXperts what to watch for key currencies.



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