With a Bank Holiday in the US on Monday, attention was turned to the UK for market influence. The US dollar suffered against a strong sterling following better than expected services data being released, whilst remaining relatively unchanged bound against the euro.
Today, we can look forward to the ISM Non-Manufacturing PMI which is expecting to post stable growth, this is a figure that has not shown contraction since the end of 2009. With minimal data releases this week, we could potentially see other currencies dictate the US dollars movement.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.