Currency Note US Dollar

Lack of data keeps US dollar steady

By Smart Currency February 25th, 2014

Yesterday proved to be a flat day for the US dollar, although it did weaken slightly against its major trade partners following the release of better-than-expected German Business Climate survey results, which revealed increasing optimism in Germany. Today’s market promises more movement, with the release of the Consumer Confidence Survey in the US. This survey of consumer spending will provide a strong indicator of financial confidence in the US and is forecast to have fallen this month following severe snow storms across the US.

Wondering whether to buy or sell US dollars? Get in touch with your trader for live rates and to inquire about currency-purchasing strategies designed to help you minimise risk and save money on currency conversions.