The dollar lost some of its strength yesterday following the announcement of a temporary solution to the debt crisis.
The US Senate voted yesterday to temporarily raise the federal government’s $28.4 trillion debt limit to minimise the risk of a historic default.
Looking at US data, the weekly jobless claims figures showed that the number of people filing for unemployment support fell in the last week. This is the first fall in four weeks.
Markets will now be focusing on the all-important Non-Farm Payrolls report which is due to be released at 1:30pm GMT. If it’s strong, this could boost the dollar.
Today’s report covers two crucial elements: children returning to school, allowing parents to return to work and also the period when out of work benefits were scrapped. Additionally, it is the last report before the Fed’s key November meeting.
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