The dollar has weakened against the euro this morning amid uncertainty over whether the US and China will be able to reach a deal during the G-20 summit in Japan at the end of the month. However, the greenback is benefitting from the pound’s weakness.
Figures released yesterday showed that US core headline and inflation data has missed forecast, supporting the Federal Reserve’s case to cut interest rates.
Tomorrow, retail sales and consumer sentiment figures will be released. Retail figures are expected to rise 0.6% after falling by 0.2% in April.
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.
