In the euro section of this report I covered how the US dollar has hit an almost 2-year high verses the euro, and the cable rate (GBPUSD) has now pushed below 1.30 after seeing support at this benchmark level for some time.

Yesterday afternoon the greenback was given a boost as new orders for US made goods increased to their greatest amount in the last 8-months, which is a positive sign for the economy moving forward. This has also eased concerns of a slowdown, after some weaker figures were released out of the US recently such as February’s surprisingly low non-farm payroll figures.

Later today there will be Gross Domestic Product (GDP) figures released for the first quarter of this year with expectations of 2.1% annualised. I would expect any deviations from this much anticipated release to impact US dollar rates so feel free to touch base with us if you wish to plan around this release.

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