The dollar is still weaker this morning as a ‘risk on’ sentiment continues to drive the American currency down.
In the data world, both housing starts and building permits declined in June. It’s a light data day today, with June existing home sales being the main release.
Tomorrow, initial jobless claims figures – which indicate the number of Americans filing for unemployment benefits – will 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.
