The US dollar was higher against major pairs on Friday, but not enough to end up the week on positive territory. A stock market rout took its toll on the greenback and the subsequent rebound in stock prices supported the currency ahead of the weekend.
With NAFTA on the way out after months of intense negotiations, the new United States-Mexico-Canada Agreement (USMCA) trade agreement is coming to fruition soon in advance of a country-by-country vote in a few weeks.
In this article, we focus on the key takeaways for CFOs to get up to speed on the economic impacts for consumers and businesses, the major financial points, and geopolitical implications of the new USMCA agreement.
The U.S. dollar was mixed Friday. The GBP deserves a special mention as positive Brexit rumors pushed it 0.61 percent higher against the USD. The American currency lost momentum as the U.S. non farm payrolls (NFP) headline jobs number disappointed with a 130,000 added positions, instead of the forecasted 188,000.
Treasury departments preparing for 2019 can learn from some key lessons by looking back at 2018 currency movements and wider economic developments.
In this article, we focus on six separate focus areas to help your treasury department hit the ground running in 2019 with a value-added foreign exchange and currency analytics strategy in place.
The U.S. Federal Reserve will host its two-day meeting on Tuesday and Wednesday. The Federal Open Market Committee will publish a statement followed by a press conference by Fed Chair Jerome Powell.
A rate lift by the U.S. central bank is highly anticipated and has been priced in to the dollar putting more focus on the words of the Fed chief.
The possibility of a new round on tariffs on Chinese goods is not helping equity markets this morning.
Deflection or negotiation, whatever the reason, markets continue to wait for the counter punch before throwing all in. China is not expected to be a willing dance partner in proposed trade talks later this month if the Trump administration goes ahead with the additional tariffs expected later today.
Between talks of default as Argentina struggles to repay heavy government borrowing, historically high interest rates, and the Argentinian Peso declining 45% against the U.S. dollar, the business risk of working in Argentina is high.
President Mauricio Macri and his pro-business government face an uphill climb in stabilizing the currency and solving its mounting economic problems. Here are the issues that business operating in Argentina need to know.