The US dollar’s strength has mirrored that of the euro, with gains of over 0.5% against all major currencies bar EUR, CHF and JPY.

Against sterling the US dollar hit a new 11-month high yesterday.

There were no major data releases yesterday, but today we’ll hear about home process from S&P/Case-Shiller, as well as testimony from the newly re-appointed head of the Federal Reserve Jerome Powell.

Tomorrow we’ll hear about employment and manufacturing PMI.

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.

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