Currency Note US Dollar

US Dollar holds steady but still strong

By Smart Currency September 11th, 2014

The US dollar had a mixed but uneventful day, which was to be expected, given the lack of data from stateside. As a result, movements in the dollar came largely from opposing strength and weakness from its counterparts. Rates were little changed against sterling, but managed to rise slightly against the euro. Elsewhere, a weakening Swiss Franc saw the dollar reach its highest level in over a year against the currency.

Today sees the first major data release for the US all week, but is still restricted to just the one. The ever-important labour market will provide the unemployment claims figure, and investors will want to see if the data is encouraging. If it is positive, it will likely reignite speculation over interest rate rises, with some feeling among some that this could happen sooner than expected.