The dollar is still suffering this morning as positive vaccine news and a push for a US stimulus package sees the greenback move lower.
Federal Reserve Chair, Jerome Powell, testified in front of Congress yesterday. He warned that the US economy is still in a fragile state and pressured Congress to provide more fiscal help. Powell will testify in front of Congress again later today.
The IHS Markit US Manufacturing PMI figure for the US was confirmed at 56.7 in November, pointing to the strongest factory growth since September of 2014.
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.
