020 7898 0500The US dollar will be glad to see the back of 2017, after it slipped to its lowest level in more than three months against a basket of major currencies on Friday. The euro was able to hit a three-month high, climbing almost 14% against the dollar in 2017 – its best performance since 2003. Sterling had its strongest year against the dollar since 2009. A weak dollar has been a dominant theme for over a week following the signing of President Trump’s much vaunted tax bill. Markit manufacturing PMI data for December is the most significant release from a raft of economic data today. An even busier day tomorrow delivers the latest Federal Open Market Committee minutes, ISM manufacturing PMI and ISM prices paid figures.
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