020 7898 0500We saw the US dollar hit a three-decade high against the Great British Pound at the start of this week, but poor US data has seen this reverse over the last couple of days – although the reversal has not been sustained.
The Federal Open Market Committee (FOMC) meeting minutes released yesterday evening revealed very contrasting views from its members, with two being keen to raise US interest rates immediately and the others more cautious about the rate at which inflation will actually pick up in the current economic climate. Overall the feeling from the minutes was that a US interest rate rise in the next few months was less likely which undermines the US dollar.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
