The dollar has staged something of a comeback in recent days, climbing by around 0.5% against both the euro and pound yesterday.

Thursday’s data releases were a mixed bag, including initial jobless claims well below expectations, but existing home sales well down, by 3.3% year on year.

There is unlikely to be much to report today or the early part of next week, but Wednesday sees the US Federal Reserve’s interest rate decision.

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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