It was a positive day for the dollar, with strong gains against all major rivals, including around half a percent against the pound, euro and yen.

The dollar index has been gaining steadily over the past week, by around 1%.

Will that change as more economic data arrives at the start of the month? There are two important readings today: ISM services PMI and JOLTs Job Openings, both at 3pm UK time. It all leads to Friday’s Non-farm Payrolls, one of the month’s most market moving readings.

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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