A Bumpy Ride This Week – But for Whom?

Monday February 2 2015

As the week got underway the US dollar stood at 0.6643 against the British pound. However we had a pretty encouraging start here as by the end of trading it had moved up to 0.6654. Could it begin the week just as well against the euro? Actually no, because it dropped from 0.8845 to 0.8841. At least this was a pretty small drop and nothing too concerning. The dollar managed to get underway in better fashion against the Swiss franc, rising from 0.9259 to 0.9300 today.
Tuesday February 3 2015 After yesterday’s encouraging start against the pound, we were hoping for more of the same today. We’d be disappointed though as the US dollar dropped instead, closing on 0.6627 as a result. A bigger drop was experienced against the euro too, as the dollar fell to 0.8790 today. This wasn’t looking too good for the rest of the week. We may have started well against the franc yesterday but it didn’t continue. The US dollar dropped instead, falling to 0.9252 today.

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