020 7898 0500The US dollar gained 0.48% on the Dollar Index yesterday which measures the value of the dollar relative to a basket of the US’s trade partners’ currencies (including the euro and sterling). This demonstrates that the US dollar remains a safe haven asset in a more uncertain world.
Focus for tomorrow from the US will be on the feedback from the Monday Fed Member Dudley’s speech and Tuesday’s Purchasing Managers’ Index (PMI) figures and FOMC minutes.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
