The US dollar fell back against the pound and the euro yesterday.
Joe Biden’s decision to pause student loan repayments during the pandemic certainly helped the US economy, but it does not seem to have made a dent in the wall of consumer debt. The US again recorded higher debt within households, and repayments are shooting up the longer interest rates are held at higher levels.
USD/EUR: the past year
From To
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 7898 0500 or your Private Client Account Manager on 020 7898 0541.
