Currency OutlookCurrency Outlook

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We expect these will be the key themes to watch in March: 

  • Treasury yields are surging across the world, reaching pre-pandemic levels and triggering a move away from riskier assets. If yields continue to go higher this could increase volatility and negatively pressure high equity valuations and "riskier" currencies.
  • The success of COVID-19 vaccine rollouts continues to be an important factor driving direction of the major currencies.
  • Sustained strength in commodity prices could continue to support AUD, NZD and CAD.
  • March will be a busy month for central bank data releases however current programs are expected to be maintained. Watch out for any changes in policy which could trigger volatility.
Download the 1-page overview to find out from our OFXperts what to watch for key currencies by clicking on the 'DOWNLOAD REPORT' button above.

 

 

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