USD: Inflation rise creates brief buzz for dollar

The US dollar strengthened sharply yesterday following the news that US inflation has swung upwards again. However, the gains proved short-lived and USD/GBP ended up close to where it started the day.

Later today we will hear a reading for PPI, a good indicator of inflation expectations, and also hear from Federal Reserve interest-rate setter Neel Kashkari.

We won’t hear much from the USA on Monday, it being Martin Luther King Jnr Day, and the main event of the week will be Retail Sales for December on Wednesday.

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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