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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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Posted February 13th, 2015 by Charles Purdy

US Dollar has a poor week

This had been a relatively quite week for the US dollar until Thursday when data releases disappointed resulting in it losing ground against both sterling and the euro.

Quite a few Federal Reserve members offered their insight into the likelihood of a potential interest rate rise this week. The general consensus from Federal Reserve members seems to be that the US needs to raise the interest rate, and it is now a question of when rather than if. Fisher and Plosser were very hawkish with their prediction, both wanting an early rise compared with the current forecasted mid-2015 rise – however there is not much overall support behind this.

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