020 7898 0500It was initially a positive day for the US dollar, as it strengthened against both sterling and the euro. The movement related to the UK’s EU Referendum as investors moved away from sterling to the safe haven US dollar.
US economic data then failed to add to this strength, with consumer inflation figures showing slower growth than expected. Weekly unemployment claims data did little to offset this, only showing a slight increase.
Today we have Building Permits due out which is expecting a slight increase 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.
