Currency Note US Dollar

US dollar dependent on sterling

By Ricky Bean April 20th, 2016

It was a mixed day for the US dollar on Tuesday with no major data releases. Movement seen in the day was a result of sterling strengthening. The only data release we saw from the US in the day were building permits and housing starts, which both disappointed showing contractions from previous figures.

With only existing home sales and crude oil inventories data expected today, investors may be looking towards other currencies for factors that could influence 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.