At Equals Money, it’s our mission to make money movement as simple as possible and we want to help your business move forward in 2023 despite any potential disruptions, such as market volatility or adverse currency fluctuations.
One of the ways we can help your business is by looking closer at the currency pairs you care about, by analysing market data that’s historically had an impact and using it to provide insight and to forecast what could come next.
Read on to take a look at our current outlook for w/b 09/10/23.
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Tuesday 10th October 2023
Wednesday 11th October 2023
Thursday 12th October 2023
Markets go risk averse seeking out the US dollar and Japanese yen on geopolitical tensions following the surprise attack by Hamas on Israel. The price of oil also surged higher on supply shock concerns. Since the open, markets have calmed but should the conflict escalate then we could these moves continue.
Markets continue to grapple with the concept of the Fed keeping interest rates higher for longer given the underlying strength in the US economy and Fed’s resilient battle to bring inflation back down. Thursday’s numbers are expected to show further easing in prices which should ease the higher rates for longer expectations. Could see a weaker US dollar as a result but dependent on the situation in the Middle East.
At Equals Money, our in-house currency experts are here to help you. We monitor the markets for you and let you know how any changes could affect your payments to help you navigate volatility within the currency markets.
We also offer a number of hedging solutions to help you manage the associated risks when dealing with foreign exchange and volatile markets, such as market monitoring, the Equals Money Rate Watch, forward contracts, and market orders.1 Your own dedicated account manager will be on-hand to guide you through all your options so you can make the best decision for you and your business.
You can’t control what happens in the market - but you can control how you manage volatility and risk and take care of your company. Equals Money is here to help you with your finances so you can spend less time worrying about FX rates and more time growing your business.
1Equals Money can only offer forward contacts to facilitate payments for goods and services
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