• Financial Institutions
  • Corporations
  • Travelers
  • Foreign Bank Note Exchange
  • International Drafts
  • International Wire Transfers
  • Global EFT
  • Foreign Check Clearing
  • Foreign Draft Issuance
  • Travel
  • Technology Companies
  • Payroll
  • Healthcare
  • Nonprofit
  • Partnerships

Currency Market Trend Analysis: June 26, 2017

Ryan June 26th, 2017
Currency Market Trend Analysis: June 26, 2017



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By The Numbers: Your FX Week In Review

Foreign currency value versus USD is decreasing
Foreign currency value versus USD is increasing
*Indicators show the percent change over the past week.

Currency Calendar

Date Releases / Holiday Entity
June 26, 2017 ECB President Draghi’s Speech EMU
June 26, 2017 Durable Good Orders (May) USA
June 27, 2017 BoE Governor Carney’s Speech UK
June 27, 2017 Financial Stability Report UK
June 27, 2017 ECB President Draghi’s Speech EMU
June 27, 2017 Fed Yelen’s Speech USA
June 28, 2017 Fed Monetary Policy Report USA
June 29, 2017 Consumer Credit (May) UK
June 29, 2017 CPI (Jun) Germany
June 29, 2017 GDP (Q1) USA
June 30, 2017 GDP (Q1) UK
June 30, 2017 GDP (Apr) Canada
June 30, 2017 CPI (Jun) EMU

Upcoming bank holidays and impactful report releases for select countries.

Market Analysis

CAD - Canadian Dollar

The CAD opened last week at 0.7589 and closed at 0.7539. 

The CAD depreciated 0.66% against the USD last week, in wake of worse-than expected CPI figures.  This depreciation was partially counteracted by rising oil prices. 


1. GDP (Apr): Friday June 30.



GBP - British Pound

The GBP opened last week at 1.2778 and closed at 1.2727.

The GBP depreciated 0.4% against the USD last week, riding on political uncertainty created in the wake of the hung parliament. This Monday, DUP leader Arlene Foster will be meeting with PM Theresa May to discuss the formation of a minority government. 

Between this meeting, BOE Governor Carney’s speech, and Friday’s Q1 GDP announcement, expect a volatile week.


1. BOE's Governor Carney Speech: Tuesday June 27.

2. Financial Stability Report: Tuesday June 27.

3. Consumer Credit (May): Thursday June 29.

4. GDP (Q1)Friday June 30.


EUR - European Union Euro

The Euro opened last week at 1.1190 and closed at 1.1197.

Over the past week, the Euro has appreciated 0.07% against the USD – remaining relatively unchanged. Following this morning’s poor US durable goods orders report, expect appreciation against the USD. 

ECB President Draghi will be giving a speech on both Monday and Tuesday, increasing potential volatility. The week will cap out with updated CPI data for Germany and the EMU. 


1. ECB President Draghi's Speech (EMU): Monday June 26 and Tuesday June 27.

2. CPI (Germany, Jun): Thursday, June 29.

3. CPI (EMU, Jun): Friday, June 30.


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About the Author

Collin McAliley

 Collin McAliley - Financial Analyst

Collin educates corporate clients on foreign currency markets lending industry best practices that enhance client knowledge and create specialized solutions that fit each business. Interested in having a custom international payments strategy or foreign exchange risk plan?



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