USD: Dollar gains from Middle East crisis

While there was little movement for the US dollar yesterday, with the markets closed, overnight the dollar has strengthened by an average of 0.5% against major currencies.

Today is not especially hectic for data, but tomorrow the big data returns with retail sales.

Tomorrow there will be plenty of housing numbers for the markets to analyse, and on Thursday the Michigan Consumer Sentiment index.

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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