Currency Note US Dollar

US dollar driven by weak sterling

By Ricky Bean May 12th, 2016

It was another quiet day for the US dollar with no major data released. The US currency’s performance in currency markets was muted, moving sideways against sterling and losing ground against the euro.

With another day low on data releases today, we can, however, expect weekly unemployment claims data. This is expected to post a stable figure. In addition to this, import prices are expected to rise to a high of 11 months.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.