Currency Note US Dollar

Dollar under pressure

By Ricky Bean October 24th, 2013

The US dollar had mixed fortunes yesterday, performing well early on as investors sought safer havens for their money following news from China; however, later on, the US dollar came under pressure and has reached fresh lows against the euro whilst continuing to struggle against sterling. Out today we have trade balance data, the weekly change in the number of people claiming unemployment related benefits and the number of new homes sold. Call now to see if the data released today can provide some support for the US dollar.