Currency Note US Dollar

New home sales data due from the US today

By Ricky Bean March 23rd, 2016

It was yet another quiet day in terms of US data on Tuesday, with a Flash Manufacturing Purchasing Managers’ Index being the only major release. This showed mild growth, but failed to meet expectations. Due to this, US dollar movement was mainly dictated by both sterling and euro weakness as a result of the Brussel attacks earlier in the morning and the safe haven status of the US dollar.

We have a similar story today, with only New Home Sales due to be released; this is expected to show an improvement on the previous month’s figure. Other than this, investors will be looking elsewhere for factors that could affect US dollar movement.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.