The dollar has strengthened this morning due to rising treasury yields, which have caused the greenback to strengthen in recent weeks.
The Federal Reserve are due to hold their latest monetary policy meeting on Wednesday this week and officials are expected to comment on the economic outlook for the US. They are not expected to change any monetary policy but should consider how the recent stimulus package, the momentum of the US vaccination programme and other factors should impact the economy.
Retail sales and industrial production figures will be released this week, before the Fed’s meeting.
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.
