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Expert market insight and updates to help you navigate the ever changing global currency markets
The key event of last week was as expected the Jackson Hole conference of central bankers. Powell’s generally dovish speech sent most major currency higher against the US dollar, as it suggested that the Fed Chair remains unconcerned by the recent spike in inflation and is in no hurry to remove accommodation, let alone raise rates.
The dollar traded lower against almost all of its major peers again on Thursday, putting it on course for its worst week since May, as investors continued to digest this week’s dovish comments from the Federal Reserve. The recent weakness in the dollar has pushed every other G10 currency higher in the past week, notably the pound.
China accounts for nearly 15% of the global trade, and if you are an importer, it is very likely that you are already trading with China or planning to do so in the future. However, navigating cross-border trade with China through the coronavirus pandemic has proven challenging. Here are some helpful tips for businesses to consider to better trade with China.