020 7898 0500The US dollar strengthened yesterday after the ECB left its interest rates unchanged. Draghi said policy-makers did not discuss removing the bank’s easing bias on monetary policy.
Earlier in the day, the dollar had weakened after the disappointment over President Donald Trump’s tax plan. Unemployment data also came out worse than expected as did the core durable goods figures. Given the recent raft of positive data from the US, this hit the dollar.
Today sees the US GDP figures released, which will be watched closely for any further signs that would support further interest rate hikes from the Federal Reserve in the coming months.
