The dollar is strong this morning as rising coronavirus infection rates have sustained demand for safe-haven currencies. It’s a busy afternoon of data for the US today, with GDP figures, jobless claims and home sales data to be released later today.
The US election is now just a few days away. Biden still leads in the polls, but the outcome is far from clear-cut. Uncertainty surrounding the result means that it’s difficult to predict where currencies will move.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
