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Slow data day puts US dollar at mercy of sterling

By Michael Cooper June 28th, 2016

It was a quiet Monday for US data, with sterling once again the key mover dictating the US dollar’s movements. The Flash Services Purchasing Managers’ Index was released, showing a drop on the previous month’s figures, but still showing mild growth in the sector.

Today we can look forward to final growth data, which is expecting a small revision in terms of positive growth, as well as consumer confidence data, where we are also expecting a positive increase.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.