Yesterday, the dollar remained strong against the euro and weak against the pound as US job openings fell for the second month in a row. They declined by 31,000, falling to a seasonally adjusted 7.2 million for July. We’ll see a flurry of economic data releases for the US for the rest of this week – notably inflation rate figures tomorrow and retail sales on Friday.
President Trump fired his National Security Advisor, John Bolton, yesterday. The President tweeted to say that he “disagreed strongly with many of his suggestions” and will be naming a new advisor next week. Despite this, John Bolton claimed that he was not fired, but offered to resign.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.


