The US dollar started off the week badly, falling overnight to a fresh four-year low against sterling following further positivity from the UK. However, the US currency moved steadily away from these levels throughout the day, despite no activity from stateside. In observance of President’s Day, the US enjoyed a Bank Holiday, and as such there were no data or major events to drive dollar markets.
Today there are a few mild data points from the US, including the Empire State Manufacturing Index amongst others. These will be of interest to investors as the currency looks to recover from its recent lows.
Wondering when to buy or sell US dollars? Call your trader now for the latest US dollar rates, after a quiet start to the week.