{"id":105063,"date":"2020-09-21T21:40:23","date_gmt":"2020-09-21T20:40:23","guid":{"rendered":"https:\/\/currencylive.com\/news\/?p=105063"},"modified":"2020-09-21T21:40:23","modified_gmt":"2020-09-21T20:40:23","slug":"usd-gbp-eur-volatile-ahead-of-geopolitical-risks","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\/","title":{"rendered":"USD, GBP, EUR Volatile Ahead of Geopolitical Risks"},"content":{"rendered":"<p><strong>US Dollar Could Ease on Mnuchin, Powell Testimonies<\/strong><\/p>\n<p>The US Dollar could come under pressure if testimonies by Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin before Congress add to a more upbeat mood in the market. Early signs that the US economy could be stabilising is offering support to risk sentiment, dragging on demand for safe havens.<\/p>\n<p>Both players are expected to highlight the need for additional fiscal stimulus after talks between Democrats and Republicans have so far come to nothing. The deadlock, plus a lack of fiscal stimulus could change the outlook from one of slow, steady stabilisation to regression. A more pessimistic view could spark additional volatility in the financial markets lifting the premium on the safe haven US Dollar and<\/p>\n<p><b>Pound looks to Brexit talks &amp; EU tensions<\/b><\/p>\n<p>Brexit tensions and negotiations will continue to drive the Pound ahead of October\u2019s key deadline. Following UK Prime Minister Boris Johnson\u2019s Internal Markets Bill, which undermines parts of the EU-UK Withdrawal Agreement, including a provision on the Northern Ireland protocol, tensions have risen between the EU and the UK.<\/p>\n<p>On a broad level, the bill intends to keep goods moving fluidly between the 4 countries that make up the UK. For Pound inventors the key takeaway from the bill is the UK\u2019s divergence from the Brexit \u00a0Withdrawal Agreement and the fact that it strained already very fragile EU-UK relations.<\/p>\n<p><strong>Budget, Regional Stability Could Boost SKW<\/strong><\/p>\n<p>The South Korean Won could advance versus its regional peers, specifically the Japanese Yen and US Dollar if the South Korean parliament puts forward a bold supplementary budget. In recent weeks, coronavirus cases have spiked into the hundreds making any easing of lockdown measures less prudent and more difficult.<\/p>\n<p>The resurgence in covid cases comes after the country appeared to get a grip on infections and as the economy showed signs of stabilisation. An improved trade outlook from China, South Korea\u2019s largest trading partner has helped South Korea\u2019s recovery. However, the surge in covid cases could derail the strong economic rebound following March\u2019s economic collapse.<\/p>\n<p>South Korean lawmakers are looking to implement a $6.6 billion package to support small businesses which have suffered amid the stay at home orders following the covid flare up. President Moon Jae acknowledged that the rise in coronavirus cases will likely hamper the economic recovery. Should \u00a0policymakers implement a bold and coordinated fiscal plan, the South Korean Won could rise, despite the challenging circumstances.<\/p>\n<p><strong>\u00a0EU Summit<\/strong><\/p>\n<p>This week, EU lawmakers will meet this week to discuss a broad range of issues, both domestic and foreign, including Brexit and China.. Discussions surrounding the economic recovery will also be included on the agenda. Any signs of coordination and could underpin the common currency. Meanwhile any intra-regional disputes could drag on the Euro<\/p>\n<p>When push comes to shove Europe often manages to pull through. For example, when policymakers were arguing over a EUR750b stimulus package when the bloc was discussing the Covid stimulus package, talks were in deadlock for several days before an agreement was reached, after which the Euro surged as did local bonds stock indices. Following the resolution, the Euro surged with domestic bond yields and local equity markets.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>US Dollar Could Ease on Mnuchin, Powell Testimonies The US Dollar could come under pressure if testimonies by Fed Chairman Jerome Powell and Treasury Secretary Steven Mnuchin before Congress add to a more upbeat mood in the market. Early signs that the US economy could be stabilising is offering support to risk sentiment, dragging on [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1380,1379,1381],"tags":[],"class_list":["post-105063","post","type-post","status-publish","format-standard","category-eur","category-gbp","category-usd"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD, GBP, EUR Volatile Ahead of Geopolitical Risks - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD, GBP, EUR Volatile Ahead of Geopolitical Risks\",\"datePublished\":\"2020-09-21T20:40:23+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/\"},\"wordCount\":545,\"articleSection\":[\"EUR\",\"GBP\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/\",\"name\":\"USD, GBP, EUR Volatile Ahead of Geopolitical Risks - Currency Live\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\"},\"datePublished\":\"2020-09-21T20:40:23+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/usd-gbp-eur-volatile-ahead-of-geopolitical-risks\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"USD, GBP, EUR Volatile Ahead of Geopolitical Risks\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/\",\"name\":\"Currency Live\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/currencylive.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\",\"name\":\"Fiona Cincotta\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/79afd1dde0d7ad291707268bbcdb9fdb41b2dd29f8088c8cfe9c67cd2a1de0e4?s=96&d=blank&r=g\",\"caption\":\"Fiona Cincotta\"},\"description\":\"Editor - Senior Financial Market Analyst Through over a decade\u2019s experience analysing and reporting on global currency markets, Fiona has a gained a deep understanding of the fundamental drivers of currencies. 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