The dollar is strong against a basket of currencies this week following revelations last week that the Federal Reserve may taper it monetary policy programme faster than initially expected.

US inflation figures for November will be released on Friday and the markets will be keeping a close eye on this. Core inflation is expected to have risen to 4.9% from 4.6% in the previous month. If this exceeds expectations, then the dollar could be impacted.

Non-farm payrolls came in below expectations at 210,000 in November as employers faced difficulties hiring and retaining workers.

Consumer sentiment and balance of trade figures will also be released for the US this week.

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.

Share to...