Wednesday’s falling inflation data continues to weigh on the US dollar, which has now reached a one-year low against the euro and 10-month low against sterling.
Producer prices fell 0.5% month-on-month in March, the largest decline since April 2020. Later today we’ll get some readings on consumer mood. The first will be retail sales for the US, which are expected to decline along the lines of last month’s 0.4% drop. After that comes the Michigan Consumer Sentiment Index. This fell last month, but will it again?
Next week is relatively quiet for US data.
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.
USD/EUR past year
