The dollar enjoyed another stellar day yesterday, strengthening against all but CHF as investors prepared for an interest rate decision tomorrow that is likely to be aggressively anti-inflation, following Friday’s higher-than-expected inflation reading.
Before that there will be PPI (producer prices) to consider. They rose by 0.5% in April and is running at around its highest rate for 40 years. Also tomorrow will be retail sales for May.
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.
