The dollar was close to its highest in nearly three weeks this morning, as the rising uncertainty of Brexit hit both the pound and the euro.
The dollar weakened against the euro yesterday as US retail sales unexpectedly dropped 0.2% in February.
This data once again indicates that the US economy is slowing, as it reveals that households cut back on purchases of furniture, clothing, food and electronics and appliances, as well as building materials and gardening equipment.
In more positive news, the Institute for Supply Management (ISM) said on Monday that its index of national factory activity rose to 55.3 in March from 54.2 in February.
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.
