The dollar was weaker on Friday, potentially signalling that its strong run has come to an end. Weaker than expected US inflation data is thought to have affected the greenback. The dollar had managed to mitigate a decline for most of the week, despite a fall in benchmark Treasury yields. It has also been hurt by investors’ appetite for risk.
Meanwhile, President Trump took to Twitter on Friday afternoon. In a series of tweets, he declared that he will close large sections the US’ border with Mexico next week if Mexico doesn’t immediately stop all illegal immigration into the United States.
US-China trade talks continue this week in Washington. After positive rhetoric surrounding the talks in Beijing last week, it will be interesting to see if there is talk of progress in the coming days.
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