The dollar has declined almost across the board in the past week and month – including a near 3% decline against the pound bringing it within a whisker of a 10-month low.
Against the euro it is at a near two-month low. However, it has perked up a little in the past few hours.
Yesterday’s data releases included US corporate profits declining by 2.7% in the final quarter of 2022. At lunchtime today we’ll be hearing personal spending and the Core PCE price index, and this evening three members of the Fed’s rate setting panel the FOMC will be speaking.
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.
USD/GBP past year
