Trump may cause dollar volatility today

President Donald Trump is due to address Congress later today. It has been highlighted that he will ask for a 10% increase of US$54 billion in US military spending as he makes the US a “safer place”. Other measures proposed, such as a comprehensive fiscal plan, are expected to be detailed in his eagerly awaited address later today. The announcement of the increased defence spending seemed to undermine the US dollar

We’ll also have US Gross Domestic Product figures for the final quarter of 2016 and consumer confidence figures for the month of February out today.