Following small business optimism declining, US economists saw the Economic Optimism Index fall to 42.3 in January 2023, from 42.9 in December and considerably below the 20-year average of 49.6.
Despite this data, the US dollar remains relatively unchanged from Monday’s losses.
This pessimistic sentiment is no surprise as it’s been in dark territory for the last 17-months as Americans had a negative outlook on the economy, despite inflation easing.
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.
USD/GBP: the past year
From To
