3 March 2025
Weekly Market Headlines:
Following last Friday’s tense Oval Office meeting, investor sentiment could shift, impacting US dollar movements and exchange rates in the days ahead.
- Eurozone inflation data at 10am today will set the tone for the euro, ahead of the European Central Bank’s expected interest rate cut on Thursday, the sixth since June last year. However, President Christine Lagarde’s comments will be key in understanding future monetary policy.
- The pound has been steadily gaining against the US dollar in recent weeks, meaning better exchange rates if you’re looking to move money.
- US manufacturing data, due later today, is expected to show a small dip compared to February. If the figures fall short of expectations, it could impact the US dollar’s strength.
Get in touch with Lumon to speak to a dedicated currency specialist about your international money transfers. Call +44 (0)204 506 5672 to explore your options.
What’s happening this week?
USA
- Monday: Manufacturing data
EUR
- Monday: Eurozone inflation data (10am)
