It is a quiet day for dollar-watchers however things pick back up tomorrow with two speeches from the Federal Reserve, the University of Michigan consumer sentiment and The US government monthly budget statement.
In its previous meeting, the Fed’s Chair Jerome Powell reiterated that the disinflationary process has begun. Powell also warned that if robust labour data continues, the terminal level of the Fed funds may be higher than expected.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on020 7898 0500or your Private Client trader on020 7898 0541.
