Last week was a triumphant week for the dollar. Against both sterling and the euro, the dollar gained continuous strength.
This morning, the dollar is choppy against sterling but holds a stronger position that it did this time last week.
Against the euro, the dollar continues to rise.
Data on America’s economic activity will be released today. Markets predict economic growth will slow down as the Chicago fed national activity forecast at -0.02.
Tomorrow US New home sales data will be released.
In political news, former CFO of the Trump Organization, Allen Weisselberg pleaded guilty to all 15 counts in the ongoing criminal tax fraud case against Donald Trump’s family business. Weisselberg could face up to 15 years in prison.
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.
