US dollar still under pressure from lack of tapering

The US dollar had a bad start to the week, falling against most of it most traded partners thanks to the continued fall out and advances on the tapering program. Yesterday’s losses came on the back of a speech from a member of the Federal Open Market Committee in which he highlighted his support for the decision to not introduce tapering too soon even though US economic data was positive. The currency was also harmed slightly as flash manufacturing data came out lower than the expected levels. House price index and consumer confidence continue the data releases for the week, and these results will likely be the major influences over the strength of the dollar today. Get in touch with your trader now for the latest price on the US dollar, as tapering continues to dominate.