USD exchange rate at its highest since November

26 January, 2012


Weaker than expected US data, along with the prospect of further monetary easing in the States, have weakened the dollar to its cheapest level since November.

The dollar had also been stronger due to the Eurozone crisis, but with Greek negotiations perhaps back on track and an EU summit next week, the single currency has gained in value while the US Dollar has weakened off.

Today’s US jobless claims and home sale figures came out below analysts’ expectations, which have also made the dollar cheaper through today’s trading. Sending money to the USA has not been as cheap since November, while the Pound-Euro rate has dipped nearly 1c from its high yesterday.