The US dollar continued to rally against most major currencies last week on rising expectations for Federal Reserve interest rate hikes.

Victor Tuson to drive forward the next stage of Ebury’s technological development across the globe as the new CTO.

The Chinese yuan (CNY) has been one of the most resilient emerging market currencies in the world since the outbreak of the COVID-19 pandemic in the first quarter of 2020. Its performance so far in 2021 fully validates our view that it can now be considered a hard currency, rather than an emerging market one. But what about the other markets?

The dollar rallied against every other major currency last week after the release of another blowout US inflation report.

Partnership between one of the largest banks in the world and a leading global fintech to support businesses in Germany with international trade. This is the first formal partnership between the two parties since Banco Santander invested approximately €400m in Ebury in 2020 to improve services for SMEs.

Sterling sank against its peers last week after the Bank of England unexpectedly kept interest rates unchanged.

Yesterday’s Bank of England meeting delivered a dovish surprise and raised fresh question marks over the credibility of central bank forward guidance.

The Federal Reserve stuck to the script during its monetary policy meeting on Wednesday, tapering its quantitative easing programme, but suggesting that interest rate hikes remain some way off.

The Federal Reserve is all but certain to announce a tapering of its quantitative easing programme at its policy meeting on Wednesday.