US dollar awaits busy week of data releases

The US dollar had a mixed day yesterday with US banks shut due to the Veterans Day public holiday. The dollar strengthened against sterling ahead of the BoE quarterly inflation data release on Wednesday but weakened against the euro due to a readjustment after the market’s reaction to the ECB interest rate cut last week. There is no significant economic data due to be released in the US today, but with important data released in the UK and the US banks reopening we could still some movement for the US dollar. Call your trader now for a live price from the market.