USD: Struggle against GBP and EUR

The US dollar has dropped around 1% against the euro and a little less against the pound over the past 24 hours.

Overall, USD could be suffering from the promise of a rapid post-covid economic recovery as markets raise their risk profile.

This week Federal Reserve Chair Jerome Powell will give his testimony, and we also have house price data.

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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