Home » Currency Note » Currency Note » Currency Note USD » USD: Dollar awaits inflation data

USD: Dollar awaits inflation data

Despite benefitting from its safe-haven status earlier in the day, the dollar was weaker against the euro and pound yesterday. This was mostly due to data releases from the UK and EU, which suggest that other countries are dealing with the coronavirus crisis more effectively than the US.

Inflation rate figures for the US will be released later today, with core inflation rate expected to drop slightly year-on-year. Two Federal Reserve officials will also speak this evening.

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.

Find out how we can help you

Let us know a little more about your upcoming currency exchange needs. We aim to take the uncertainty away by providing guidance on which services suit your individual requirements. You can then rest, assured your money is not at the mercy of the currency markets.

Secure and efficient transfers

Secure, quick and efficient transfers. Authorised by the FCA.

Protect against risk

Avoid losing money and protect against currencies moving against you.

Dedicated trader

Dedicated currency trader working with you to get the best value for your money.

Refer a friend or business

Recommend our services to your friends, family or colleagues and earn great rewards.

Make a referral