The dollar was looking strong against the pound but weaker against the euro yesterday, showing little change throughout the day. The markets await trade talks, which are due to start on Thursday, and speeches from the Federal Reserve this week.
In terms of the trade war, it’s thought that a deal is still a long way off, but it’s hoped that the upcoming talks make more progress than the previous negotiations. Chinese Vice Premier Liu He will meet Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Washington
Federal Reserve Chairman, Jerome Powell, will speak this evening, which is likely to shed some light onto the Fed’s next monetary policy move.
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.
