020 7898 0500After a quiet week for the dollar, the main focus has been on the former FBI Director, James Comey and his statement to the Senate Intelligence Committee. The feud between Comey and Trump was made public and they have since both accused each other of lying. One of the main comments was that ‘the Russians interfered with the election’. This has been denied by both Donald Trump and Vladimir Putin. We’ll keep you updated throughout the week if there are any further developments.
Looking to the week ahead, traders will be looking towards the Federal Reserve’s meeting. Whilst expected to raise interest rates, investors will be hoping for clarity on further rate hikes around September, but the signals haven’t been too strong so far after the recent bout of underperforming data and political uncertainty.
We’ll also be hearing US CPI data, retail sales and industrial production for the month of May.
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.
