Home » Currency Note » Currency Note » Currency Note USD » USD: Dollar still weak as US Inflation figures are released

US inflation figures were released yesterday, showing only a modest rise in core inflation. This put pressure on the dollar, which maintained a weak position against the pound and the euro. This occurred despite the pound suffering from volatility yesterday, due to a poor assessment of May’s backstop assurances and the increasing likelihood that her deal would not make it through Parliament.

It is the lowest US inflation rate since September of 2016, mainly due to a fall in cost of gasoline and clothing while prices of electricity stalled. The poor inflation figures supported expectations that the Federal Reserve will hold off from increasing interest rates this year.

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.