020 7898 0500With no significant data releases due from the US on Monday, attention turned towards US Federal Reserve member Dudley, who was due to speak. He confirmed what most investors were thinking, in that any changes to monetary policy will be gradual and in a cautious fashion.
The only data of note due today appears in the form of building permits, where slight growth is anticipated. Should no surprises transpire, the focus for this week will turn towards the European Central Bank (ECB) meeting on Thursday, which could see US dollar movement against the euro. Also due on Thursday is US labour market data, which could have an impact on the dollar’s performance in currency exchange markets.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
