The US dollar strengthened against most major currencies by between 0.5 and 1% yesterday, but not sufficiently to recover the losses from earlier in the week and it hits Friday some 1.5% adrift of EUR compared to last Friday.
It was a quiet day for data, but the Kansas Fed’s Manufacturing Index showed strong growth of 3, its best level since July.
We will shortly be hearing about US Durable Goods Orders, with a strong improvement on last month’s -4.5% expected. There is little to get excited about in the early part of next week, but things liven up a little on Friday with Personal Income 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.
USD/GBP past year
