020 7898 0500The dollar enjoyed yet another positive day against sterling, the euro and a basket of currencies. Investors are still buoyed by the US Treasury yields pushing through the psychological barrier of 3% and it has encouraged the viewpoint that the Federal Reserve will take action that will prove positive for the dollar.
Like elsewhere, it was quiet in the US for economic data, but today we will see durable goods orders for March, as well as initial jobless claims up to 21 April. They are expected to have dipped a little, from 232,000 to 230,000.
The key release of the week comes tomorrow, with the GDP growth rate for the first quarter of 2018 on the schedule. Economists have forecast a dip from 2.9% to 2% and it will be interesting to see what the actual figures comes in at.
