020 7898 0500The US dollar has left investors disappointed and questioning when 1.30 will materialise, after positive economic data from the UK in the last few days. Given that EUR/USD has already breached 1.10 and is now trading above 1.11, we could see 1.30 being reached before the week is out. On the other hand, failure to reach 1.30 could cause the EUR/USD to outperform GBP/USD.
In other news, Congressman Al Green said that Trump must be impeached. This, however, had little effect on the dollar. If the President is impeached, the Senate can have a trial to determine guilt or innocence which could create market volatility in the near future.
In an otherwise quiet day, we have the unemployment claims data which is expected to come in at 240.
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