Yesterday the dollar weakened slightly against sterling and continues to fall this morning. Against the euro, the picture is somewhat different for the dollar as it gained fresh strength this morning.

The number of US Job openings exceeded market expectations in yesterday’s data release, rising by 199,000 to 11.239M. Openings were forecasted at 10.5M.

For the rest of the week, market watchers can expect lots of unemployment data from the US. ISM manufacturing PMI and non-farm payrolls will also be released.

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.

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