The US dollar’s winning ways continued over the long weekend, although its performance was muted against sterling in a week when both economies will see interest rate decisions.
In the biggest data release yesterday, ISM manufacturing PMI for April at 55.4 was severely below expectations of 57.5, and manufacturing employment was 50.9 compared to an expectation of 56.2.
Also on the jobs front, later today we’ll hear JOLTS Job Openings for March, which are expected to remain stable at 11.27million.
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.
