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Posted May 1st, 2015 by Charles Purdy

US Dollar has a bad week

This was a turbulent week for the dollar, as it fell to a two month low against sterling thanks to below par GDP data on Wednesday. It did regain some ground on sterling yesterday, however, after more encouraging statistics from the US unemployment claims were better than expected – but this failed to launch a comeback against the euro which remained comfortably above the 1.1 mark.

Today sees the release of the Manufacturing Purchasers Managers’ Index (PMI), and the US will be hoping for some favourable data today to end the week on a high.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

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