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SportsFX Currency Update, November 12th, 2024.
Manage episode 449681864 series 3497382
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Chris Broadfoot and Matt Phelan discuss the impact of the recent US election on currency markets, highlighting significant movements in exchange rates and the importance of effective currency management strategies for clients.
They emphasise the volatility expected in the coming months and the opportunities that lie ahead for SportsFX as they continue to support athletes and clients in navigating these changes.
Key Takeaways
*The US election significantly influenced currency movements, with the US dollar strengthening.
*Effective currency management strategies are crucial for clients during volatile periods.
*Communication with clients is key to understanding their needs and securing favourable rates.
*Volatility in the market can create both risks and opportunities for clients.
*The importance of having a plan in place to manage currency risks is emphasised.
*Recent trends show a significant drop in the Euro against the US dollar.
*Athletes and businesses need to be aware of how currency fluctuations affect their earnings.
*The conversation highlights the need for ongoing discussions with clients about their financial strategies.
*SportsFX is poised for growth and new opportunities in the coming months.
*The impact of political events on currency markets is a recurring theme.
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