020 7898 0500There was no significant US dollar movement on Monday due to a national US bank holiday for Independence Day.
Tuesday sees US markets resume trading, but we expect very little in terms of market-shaking data. Federal Open Market Commitee member Dudley is expected to speak around 2.30pm. As usual, any comments that are more hawkish than expected will result in some more US dollar strength. US Factory Orders are due to decline and as a key domestic production indicator, this could force any expectations of US Dollar strength backwards. These two events round off a quiet and unassuming day on the data front.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
