020 7898 0500It was a fairly quiet day for the US dollar on Thursday with the majority of its movement being dictated by both euro and sterling. Data releases included the weekly labour data which posted yet another positive figure. Earlier in the week, we saw the start of US dollar strength, which was partly boosted by ISM Non-Manufacturing data, which posted better-than-expected results.
It was the US Federal Reserve Meeting Minutes that investors were keeping a keen eye on, with expectation of a short term rate hike. This was dampened by most members who feel that it was too early to look at raising interest rates, due to the ongoing struggles faced by the world economy.
Today we have two Federal Reserve members, George and Dudley, speaking – anything related to interest rates could have an impact on the market.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
