USD: Dollar diverges

The dollar went in two directions yesterday, strengthening against most major currencies but weakening against both the euro (slightly) and pound.

There will be plenty of mid-level data to pick through today, including building permits and jobless claims. Tomorrow sees the Michigan Consumer Sentiment index, with a further substantial increase in customer mood anticipated.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business account manager on 020 3918 7255 or your Private Client account manager on 020 7898 0541.

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