The dollar was the big winner in 2021, strengthening by 0.5% and 1% against its top 10 rivals.

However, you might not guess that from the start of this year, where the dollar has slipped a little or moved nowhere against all but JPY.

The USA has some interesting data releases this week, including ISM Manufacturing PMI and job openings this afternoon, employment change tomorrow – as well as the FOMC minutes – and Balance of Trade on Thursday. On Friday tune in for non-farm payrolls.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 3918 7255 or your Private Client trader on 020 7898 0541.

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