Currency Note US Dollar

US dollar strengthens as we enter 2014

By Smart Currency January 3rd, 2014

The US dollar also enjoyed mixed fortunes this week, starting out with losses against sterling and the euro due to worse than expected pending home sales data. On the other hand, the US currency reached five year highs against the Japanese yen. Despite further positive data on Tuesday, the dollar weakened to fresh lows against sterling. The US dollar performed well yesterday, making solid ground as economists suggest that the US dollar should strengthen as the Federal Reserve starts to taper its quantitative easing program. Alongside this, we saw an increased showing from the US manufacturing output, whilst the unemployment claims fell slightly. Today holds little of note from the US, with crude oil inventories the biggest release due. Get in touch with your trader now for the latest US dollar rates, as it tries to make some headway.