020 7898 0500Given events in the UK, the dollar very much took a back seat yesterday. Some second-tier data releases gave it very little momentum, and May’s revelation that she wanted a general election did even less to help the dollar against the pound.
Today sees the publication of crude oil inventory data which, again, is expected to do little to drive appetite. Instead, the market is expected to keep a keen eye on Donald Trump and his latest rhetoric around North Korea and Syria.
Ultimately, political uncertainty continues to drive market direction for the UK and the US.
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.
