020 7898 0500The US markets were shut for President’s Day yesterday which surely influenced the sedateness that permeated the currency markets yesterday. The dollar traded within a tight range against the major currencies, but there could be more volatility today.
Having said that, there are no major economic data releases scheduled for today, so any movements are likely to be as a result of events elsewhere. Although you never can tell what Donald Trump is going to Tweet so it really is anybody’s guess.
Tomorrow is much busier, with existing home sales for January set for release, as well as the minutes from the Federal Open Market Committee meeting. We will also see a raft of purchasing managers’ index data releases, in the form of composite, manufacturing and services.
