Movement affecting the US dollar against sterling on Wednesday was once again caused by the British currency, as we saw minimal US data figures released. The main release of the day for the US was the Flash Services Purchase Managers’ Indices which failed to meet expectation, but did show mild growth in the sector.
Investors will be hoping for a more eventful day for the US dollar today with two key releases. Durable Goods Orders is expected to show moderate growth compared to the previous month, while the weekly unemployment claims figures are expected to remain stable.
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