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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 January 26th, 2015 by Charles Purdy

US Dollar still the star

The US dollar had a slightly mixed end to the week, as the US again took a backseat to other currencies ‘movements. There were two data releases of lesser significance from the States, but both the manufacturing Purchasing Managers’ Index (PMI) and the existing home sales data came in slightly behind expectations. However, the dollar did manage to make gains in most areas, notably reaching an 11-year high against a turbulent euro. A strong performance from sterling saw the dollar lose out in this market.

With nothing due today, investors must wait until tomorrow for the first data activity from the US.

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