020 7898 0500Looking at short-term charts, the US dollar continues in a bullish manner after a weaker start on Monday. The dollar index has been trading in the 99.85-100.00 range.
The one currency that had a contra trend was sterling which strengthened against the US dollar.
Meanwhile, Federal Reserve member Eric Rosengren said that the Fed should hike rates three more times this year, which would take the total to four hikes in the calendar year of 2017.
Today unemployment claims and GDP data are due out but no major moves are anticipated off the back of this.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
