USD: Dollar recovers ahead of FOMC minutes tomorrow

The dollar starts the new year recovering from weakness seen at the end of 2019, which was due to optimism surrounding the US-China trade war. President Donald Trump announced that the US and China will sign Phase One of the trade deal on the 15th of January. Further talks are due to begin afterwards.

Meanwhile, Trump tweeted that Iraq “will pay a very big price” after blaming it for an attack on the US embassy in Iraq. The compound in Baghdad was attacked by demonstrators in response to deaths of militia members in US air strikes.

We’ll also see Manufacturing PMI data released for the US this afternoon, ahead of FOMC minutes tomorrow.

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.

Get a quote or
Thank you call handler
Speak to an expert 020 7898 0541

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Make a referral
Share to...
BlueskyBufferCopyFlipboardLinkedInMastodonMessengerMixPinterestPocketPrintRedditSMSTelegramThreadsTumblrWhatsApp