Home » Currency Note » Currency Note » Currency Note USD » USD: Dollar boosted by ECB growth worries

After going from strength to strength last week, the release of the US Non-Farm Payrolls on Friday was the dollar’s undoing. Disappointing data revealed that just 20,000 new jobs were created last month, despite forecasts expecting the creation of around 180,000. This caused the dollar to weaken against most major currencies.

Despite this downturn last week, the dollar has bolstered again today, helped along by the uncertainty of Brexit and worries over the downgrade of growth for the euro area. It is therefore performing well against both the pound and the euro.

Later today, US retail sales figures for January will be realised and February inflation figures are expected tomorrow. However, the biggest factor affecting the dollar’s strength could be the result of the second vote on Theresa May’s Brexit deal.

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.

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.

Secure and efficient transfers

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

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Keep up to date

Get regular, jargon-free currency market updates delivered directly to your inbox.

  • We handle your data with care and only ever as outlined in our Privacy Policy.

Refer a friend or business

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

You have Successfully Subscribed!