020 7898 0500At last, a day where a currency is driven by data instead of sentiment. After a quiet morning of trading yesterday, the US dollar came to life after the opening in New York to strengthen more than 0.5% against its majors peers. Better than expected unemployment claims helped push it along, but the currency remains under pressure after Trump’s volatile press conference the day before.
Today sees retail sales and inflation data, but it will be interesting to see the effect of these on the USD if any. Will the pound carry on driving the cable currency pair?
