USD: Fed’s policymakers air views

It was a negative day for the US dollar, with losses of more than half a cent against the pound, euro, Antipodean dollars and Swedish krone.

This was despite a real dearth of data, but with the aforementioned comments from influential policymaker Patrick Harker suggesting that rate rises are over.

There will be plenty of other comments from policymakers, including from Federal Reserve Chair Jerome Powell on Thursday, before the FOMC goes into purdah ahead of the Fed’s interest rate decision on 1st November,

This afternoon there will be retail sales and tomorrow housing data.

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.

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