Positivity continued to surround the US dollar on Tuesday, as the currency continued to strengthen against the majority of its peers. Final Gross Domestic Product (GDP) figures released yesterday showed a drop compared to the previous figure, but this beat expectations of a harsher fall, so was largely viewed as positive news for the US economy and its currency.
Today we can look forward to durable goods orders which is just about expected to post growth with personal income and personal spending following this release. Where Personal Spending is expected to post better than the previous months growth, Personal Income is expected to fall just short.
If you are looking to buy or sell US dollars, keep an eye on the current rates as the year starts to draw to a close – contact your trader today for live rates, news and to discuss currency strategies.