020 7898 0500The US dollar started on the back foot yesterday morning after the UK reported better-than-expected growth data, but spent most of the day clawing back most of these losses. Durable goods orders dropped to -0.1% in September which didn’t do much to support the US dollar.
Today sees the release of US growth data in the afternoon, with markets expecting a 2.5% growth, versus 1.4% in the second quarter of this year. This could help to direct the US dollar, although it is clear that data is often being discounted for political sentiment, with the looming election in the US.
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