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Posted December 31st, 2015 by Charles Purdy

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.

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Posted December 30th, 2015 by Charles Purdy

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. […]

Posted December 24th, 2015 by Charles Purdy

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 […]

Posted December 23rd, 2015 by Charles Purdy

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 […]

Posted December 22nd, 2015 by Charles Purdy

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 […]

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