American households can look forward to receiving a cheque to the value of as much as $2,000, although most will get $600, following the agreement of a US stimulus bill.

The dollar weakened against the Euro over the course of the Christmas week, as traders were willing to sell the dollar and opt for a greater risk profile.

Later today we will see data on US house prices, with the S&P/Case-Shiller home price index. A rise of 6.9% year on year is expected.

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.

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