Dollar weakness continues
- Posted by currencies in Bank of England, Brexit, Currency, Dollar, Economy, EUR, GBP, Sterling, UK, Uncategorised
- December 29, 2017
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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
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