The dollar is stronger this morning as it continues to benefit from its status as a safe-haven currency. GDP data released yesterday showed that the US economy grew at a record pace for the third quarter. There was a decrease in Americans applying for jobless claims.
Despite this, COVID infection rates in the US continue to grow, with a single-day record set yesterday.
The US election is now days away and we could see significant currency fluctuations on the night. Read our handy election guide and ensure that your transfers are protected from movements in the currency market.
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.
