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Bank of Richmond

US Dollar Has More Potential To Strengthen | Daily Market Analysis

Key events:         Austalia – RBA Meeting Minutes      UK – Composite PMI     UK – Manufacturing PMI   UK – Services PMI Canada – Core CPI (MoM) (Jan)   Canada – Core Retail Sales (MoM) (Dec) USA – Ex-sting Home Sales (Jan) The dollar weakened slightly against the euro, the Danish, and the Swedish krona, but added against the other G10 currencies. The yen weakened by 2% to become the weakest currency in the G10 group.

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