US all set to end the year on a positive note
The US dollar enjoyed small gains on the penultimate day of trading of 2015. Although December has been relatively uneventful for the US dollar, it is poised to round off an otherwise excellent year on a positive note, and given the European Central Bank’s (ECB) continued favouritism towards easier monetary policy, fortunes bode well for the dollar as we head into 2016. However, if oil prices continue to drop into the New Year, the US dollar could see a more troubling year ahead than the Federal Bank would have hoped for.
We anticipate further interest rate rises, changes in oil prices and market movement for the US in 2016. Contact your trader in the first week of January for the latest rates and to discuss appropriate currency strategies.
Topic: Currency Note, US Dollar
Happy Holidays for the US dollar
The US dollar has held its ground well over the festive period, reaching a four-month high against the Chinese yuan – a significant result for the US economy. It seems that most major trading houses are holding off their larger bets until the New Year, so the US dollar continues to trade within familiar ranges. […]
Topic: Currency Note, US Dollar
Mixed fortunes for the US dollar
It was a mixed day for the US dollar on Wednesday, with various data releases, yielding both positive and negative results. The figure for Durable Goods Orders contracted for the first time in two months, with Personal Income data achieving better than expected results. The Consumer Sentiment data was also released, showing positive signs for […]
Topic: Currency Note, US Dollar
Positive news for the US dollar
Positivity continued to surround the US dollar on Tuesday, as the currency continued to strengthen against the majority of its peers. Final Gross Domestic Product (GDP) figures released yesterday showed a drop compared to the previous figure, but this beat expectations of a harsher fall, so was largely viewed as positive news for the US […]
Topic: Currency Note, US Dollar
All quiet in America
It was a quiet start to the week for the US dollar, with no notable data released. In the countdown to Christmas, we can expect Final Gross Domestic Product (GDP) figures today, expected to be revised down on the previous release; however, this is still expected to show positive growth. It will be interesting to […]
Topic: Currency Note, US Dollar
