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January

US budget vote today could boost US Dollar

Published: Monday 22 January 2018

  • US budget vote today could boost US Dollar
  • Monday is a data free zone
By  David Johnson

US Dollar was weakening even before government standoff
Last week ended with the ‘closed for business’ signs being put up on US government buildings as the impasse between the Democrats and Republicans continues. The US Dollar weakened throughout last week, but has stabilised as a vote is planned for today to try to unblock the strangled bill. Maybe the US Dollar will strengthen if they do and maybe it will stay weak, because it was already weakening even before the US spending plans collapsed into farce.
 
Pound recovers thanks to resilient economy
Friday was also the day that Sterling recovered some of the losses it had suffered earlier in the week.  Once again, the underlying resilience of the UK economy appears to have underpinned Sterling in spite of all the verbiage thrown out in the news over Brexit. The French Prime Minister was in town last week, letting slip that the UK could cause a bit of mayhem by negotiating with individual EU States. If he thinks that isn’t already happening, I am astonished.
 
Euro bearing up following German growth predictions
The Euro is holding up well after Germany upgraded their own economic growth forecasts. The weakened USD is helping the Euro look good, but that could change pretty quickly.
 
Monday is a data-void, so, unless the US government gets its act together, this could be a very quiet day for the currency markets.
 
Did you hear the one about the mouse and the apple?
On this day in 1984, the Apple Mac Computer – the first consumer computer to use a mouse and a Graphical User Interface (GUI) – was launched in a Superbowl advert. I wonder how many people said, ‘That’ll never catch on?'
 
A caged beast
I am trying to get a bit fitter, so I asked a mate what he would recommend and he suggested cage fighting. I don’t know much about it but I thought I would give it a go. Turns out I am pretty good at it. I scared the hell out of the budgie, though.  
 

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