Slowdown in US economy puts pressure on dollar

The marked strengthening of the dollar, evident over the second half of 2014, continued in the early part of 2015, writes Oliver Mangan.

The US currency gained around 13% against the euro and 6.5% versus sterling between the end of 2014 and mid-March, with the euro falling from $1.21 to $1.05.

Since then though, the dollar has come under pressure and, over the past month, has surrendered some of the gains made earlier in the year.