Despite the ongoing drama in the US regarding the Comey hearing, this week has been light on stats from the other side of the Atlantic and there was little movement on the dollar. The previous week had seen the FOMC raise interest rates by 25 basis points but this did little to the dollar as it was an expected move.

There is some debate over the matter of tightening in the US given the general absence of inflation. To date the ongoing political drama has had little impact on the dollar but with no end in sight there may be a longer term effect to the ongoing uncertainty.