020 7898 0500Yesterday saw an eventful day for the dollar (USD), with the worse than expected crude oil inventories increasing 4.1 million and President-elect Donald Trump’s first press conference in six months. The opening statements of Trump’s press conference resulted in a weakening of the dollar against both the pound (GBP) and euro (EUR) of over a cent only for that ground lost to be regained during the course of his question and answering.
Today sees a wealth of US data releases. Both US export and import indexes are expected to improve on last month’s data – up at 0.1 percent and 0.7 percent respectively. There is also jobless claims data and the federal budget balance to accompany a number of Federal Open Market Committee members speaking.
