USD: GDP disappointment drives down dollar

Falls across the board for the US dollar, as slightly disappointing GDP data put the mockers on hopes for an interest rate rise at the Fed’s next meeting.

Later today we’ll get a mass of data on business mood, but the main event of the day will be a reading for personal spending in the USA.

It’s all about the American jobs market next week, with JOLTS job openings on Tuesday and non-farm payrolls on Friday.

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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