The US dollar had a positive day yesterday, thanks to encouraging data from country to buoy the currency. The core Durable Goods Orders figure came out better than expected, showing an unanticipated rise for April. This caused the US currency to make ground against most of its major partners, hitting the highest level in 10 days against sterling.
Today is a wholly quiet one for the dollar with regards to data, with nothing major due from the country to affect the markets. As such, investors will be looking at developments in other countries, as well as ahead to Thursday’s US growth figures and unemployment data, with speculation over these likely to factor into investors’ considerations.
Looking to buy or sell US dollars? Contact your trader now for live rates, news and currency-purchasing strategies.