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Posted June 30th, 2015 by Charles Purdy

US dollar affected by euro market correction

Monday wasn’t the best of days for the US dollar, as it managed, over the full 24 hours, to fall against both sterling and the euro. Given the problems in Greece, this was quite a surprise against the euro. There was no significant data that caused this shift -although pending home sales fell below expectation, it wasn’t a huge difference. In many ways, it just appears that the afternoon strength in the Eurozone was just a market correction.

Today sees the release of the Consumer confidence data, and it is expected to be above last month’s result. Hitting expectation or better could cause the dollar to move closer to the 1.10 mark where it was late on Sunday.

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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Posted June 29th, 2015 by Charles Purdy

Can the US dollar continue its strong week?

Last week was a strong one for the US dollar, and investors will be hoping that this week follows suit as we have a very busy week for US data releases.

Today we have data for pending home sales, forecast to be down from last month, but the big news for the first half of the week will be the consumer confidence and the ISM manufacturing Purchasing Manager Indices data releases. Positive results for these could boost the US dollar.

In the second half of the week the data releases are focused on employment. On Thursday we have initial claims figures and then on Friday the June key non-farm payroll figures plus the June unemployment rate which is expected to show a fall from the previous month’s figures.

Posted June 26th, 2015 by Charles Purdy

Positive week so far for the US dollar

It was a good week overall for the US dollar as it strengthened against the pound by 1% and almost 2% against the Euro. It was an almost flawless week for the US in terms of economic data, with all major releases either matching or exceeding expectations, including unemployment claims yesterday, which were as predicted.…

Posted June 25th, 2015 by Charles Purdy

Busier day today for the US dollar in terms of data releases

Yesterday was quiet for the US dollar in terms of data releases, with the final growth figure showing an expected increase on last month’s, but still floundering in the negative. With the recent weakness in the euro due to the ongoing Greece-Eurozone talks, the US dollar has strengthened slightly against both the euro and sterling.…

Posted June 24th, 2015 by Charles Purdy

US Dollar strengthens as Federal Reserve member suggests interest rate hike could be near

Despite a mixed bag of data out of the US, the dollar still managed to make gains across the board yesterday. The day’s trading was dominated by Greek-related news, which saw the dollar appreciate as a result of continued euro weakness.…

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