020 7898 0500It was a mixed day yesterday for the dollar, with fluctuations within a narrow range. Despite the second rise in a month in US mortgage application figures, sterling strengthened against the dollar as Bank of England (BoE) minutes and inflation report hearings were released, causing rates to hover around the 1.56 level.
There is little data of significance from stateside to help shift the dollar today, other than the weekly unemployment claims figure. This would suggest a quiet day for the US dollar; however, as always, investors will be looking elsewhere for events that could affect the US currency’s performance.
