Home » Currency Note » Currency Note » Currency Note USD » USD: dollar enjoys a positive start to the week

It was quiet for economic data yesterday, although oil prices jumped following reports that Saudi Arabia will cut oil production next month. By producing half a million barrels per day less, price have ratcheted up and will no doubt continue to rise. This will impact on global transport costs, as well as the cost of filling up tanks on forecourts around the world.

The dollar enjoyed a positive start to the week against the euro and sterling, with the gains being quite considerable. The only release of note from the US today is consumer inflation expectations for October, while tomorrow sees the inflation rate for October. On Thursday, we will see retail sales for last month, as well as initial jobless claims up to 10 November 2018.

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.