The dollar has edged slightly higher this morning against a basket of currencies ahead of important Non-Farm Payrolls data tomorrow.
The Federal Reserve released their latest Beige Book yesterday, which is a report on current economic conditions. It revealed that the pace of the US recovery picked up over the past two months. However, this has put pressure on businesses that are contending with staff shortages and rising costs.
Philadelphia Fed President Patrick Harker suggested that the Bank should discuss a timetable for tapering its bond buying programme as the economy continues to recover.
PMI and employment figures will be released for the US and there will be speeches from three Federal Reserve officials.
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.
