Staying on top of the latest currency news can help you time your transfers more effectively, so find out what you should be looking out for over the next couple of weeks…

USD strength continues to be the theme of this week, with the safe-haven currency set for it’s best month since 2015.

The pound held near lows last seen in 2020 against a strong dollar, as risk assets like the British currency remained under pressure on concerns over the impact of the lockdowns in China on the global economy.

The British pound tumbled this morning, following data that showed slumping retail sales and record-low confidence as high inflation has cut into consumer spending.

Interest Rate raises are the topic of conversation at the minute with a focus on The European Central Bank & The Fed Reserve. ECB Governing Council Member Martins Kazaks commented yesterday stating the need for a 25 bps hike as early as July due to concerning rises in inflation, which currently sits at 7.5%.

Last week hosted an eventful week from FOMC members with speeches shifting markets lower and fulfilling trader’s bets of an aggressive Fed tightening program.

Well, this question would have come as a satire to the Bitcoin stalwarts. Whereas Bitcoin stands today at a value of more than $40,000, Dogecoin is 0.12 USD dollars. so how can we make a comparison of the two.

The Federal Reserve released their meeting minutes for March yesterday evening, paving the way for USD strength with comments in the report seemingly teeing up a 50 bps hike on their May 4th meeting with markets now pricing this in at 85%. (Up from 82% before the release)