Private DCN Private DCN - US Dollar

Slow week for the US dollar as the market awaited Referendum outcome

By Ricky Bean June 24th, 2016

After a slow week, US Dollar movements overnight were dictated by the UK’s EU Referendum strengthening by nearly 16 cents in the space of a few hours as it became clear we had voted to leave. Truly extraordinary is the only way to describe this movement and represents a major dislocation.

Today we can look forward to Durable Goods Orders today, which are expected to show sight growth on the previous figure.

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