Private DCN Private DCN - US Dollar

US dollar moves on UK EU Referendum polls

By Michael Cooper June 14th, 2016

With no significant data releases from the US on Monday, the movement we did see was thanks to UK’s EU Referendum polls, with the latest results placing the ‘Leave’ Campaign in the lead.

With talk of the upcoming US Federal Reserve interest rate decision growing, data was the largely being monitored to boost any chance of a hike. However, with recent US indices having turned lower in recent trade, this might fail to sustain a move into positive territory.

Today we can look forward to Retail Sales data, which is expected to show growth but a slight drop on the previous month.

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