Currency Note US Dollar

US Dollar boosted

By Smart Currency August 5th, 2015

The US dollar cut its losses against the vast majority of major currencies yesterday, supported by data showed that US factory orders rose quire significantly, and also broadly in line with expectations from the previous month.

Markets are still seemingly eyeing the release of US nonfarm payrolls data on Friday. This is expected to improve from the last report. As a result, we could see positive movement once again for the US dollar against major currencies, particularly the euro.