The dollar is still strong this morning, benefitting from its safe-haven status due to surging energy prices.
US Senate Republican Leader Mitch McConnell has offered to allow an extension of the federal debt ceiling into December. This temporary solution caused the dollar to weaken slightly.
All eyes will be on Non-Farm Payrolls data tomorrow, which will reveal how many jobs the US economy added in September. Yesterday, ADP employment figures showed that private businesses in the US hired 568,000 workers in September, the most in three months and and beating market expectations.
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.
