Blog


Dollar weakness continues

The dollar continued to fall against other major currencies on Friday, the last trading day of the year.

Trading volumes are expected to remain thin ahead of the New Year’s Day holiday weekend.

The US Dollar Index which measures the greenback’s strength against a trade-weighted basket of six major currencies was down 0.27%
The greenback fell for the fourth consecutive day and was at its lowest level since the end of September. Some analysts think the weakness is due to sell-offs after President Donald Trump signed the tax bill into law. The index was down 0.9% year-to-date

Pound against the Euro is slightly down trading at 1.125

Leave a Reply

Your email address will not be published. Required fields are marked *

19 + five =

What's Going On?

Currencies 4 You Limited is a company registered in England and Wales (registered no. 06866898). Registered office: Regus House, Victory Way, Admirals Park, Crossway Dartford, DA2 6QD. Currencies 4 You's Payment and Foreign Currency Exchange Services are provided by Ebury Partners UK Limited. Ebury Partners UK Ltd is authorised and regulated by the Financial Conduct Authority as an Electronic Money Institution. Reference number: 900797. Ebury Partners UK Ltd is registered with the Information Commissioners Office, with registration number: Z209673X | Terms and Conditions | Privacy Statement | Careers