USD: DXY at 2023 high

The greenback gained strongly yesterday, by as much as 1% against the pound and Aussie, with the Dollar Index (DXY) reaching its highest level of 2023 at 107.00. However USD/CNY weakened markedly.

This afternoon the US jobs market will be centre stage, with JOLTS job openings. After several months of declines, the markets will be on alert for any signs of recovery for the US economy, as shown by an increase in jobs available.

Tomorrow there will be Services PMI to watch out for. A slightly worsening picture is expected.

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

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