020 7898 0500Last week the US dollar rose by 1.5-2.5% against most major pairs – strong domestic data helped boost its position. Some investors have already forecast with certainty that an interest rate hike will happen in December.
We should hopefully know more later this week when the Federal Reserve FOMC minutes are published. Potential consequences of the forthcoming policy changes set out by Donald Trump during his election campaign and reaffirmed in the video he released yesterday highlighting what he plans to do in his first 100 days may also more the dollar.
There are no major data releases due out in the US this week, so political and economic uncertainty are expected to be the main market drivers. With Thanksgiving on Thursday, this week is likely to be one of the more quiet ones in the US markets.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.
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.
