020 7898 0500The US Dollar has had a difficult start to the week as Yellen, Chair of the Federal Reserve, reduced expectations for an “early” increase in US interest rates. This has seen it lose nearly two cents against sterling and one and a half cents against the euro over the last couple of days. Major releases for the day only included Consumer Confidence which beat expectation to post its best figure for two months.
With the Non-Farm Employment Change due out this Friday, investors will be keen to see how the ADP Non-Farm Employment Change (which is generally used as an indicator) figures fare when released. Expectation is for a small drop, but still a stable figure.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
