Private DCN Private DCN - US Dollar

Labour Day quietens currency markets

By Michael Cooper September 5th, 2017

A fairly subdued start to the week for the dollar with Labour Day silencing the US market. It seems the greenback was still reeling from the weaker than expected jobs data on Friday and the heightened tensions between North Korea and the US. Since then the US has urged the UN Security Council to take the “strongest possible measures” to try and exhaust all possible diplomatic means.

Fairly light on data today, with factory and durable goods orders forecast to come out. Otherwise, fairly light with tomorrow’s manufacturing data being this week’s main data piece.

For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541