020 7898 0500Monday saw positive data released for the US dollar, with the news that Core Durable Goods Orders data had continued to grow for the third consecutive month – now at a high not seen since this time last year. There was, however, some negativity from American markets later in the day, thanks to the struggling Chinese economy and stock exchange.
Key figures released this week include the Consumer Confidence and Services Purchasing Managers’ Indices (PMI); both of which are expected to show strong and stable figures and indicate growth. However, the main spotlight for America this week will be on the US Federal Reserve statement following the rate decision on Wednesday, and the Advance Gross Domestic Product (GDP) figure on Thursday. Interest rates are expected to be still placed firmly on hold, and advance GDP figures are widely expected to show strong growth – highlighting that the previous quarter’s negative figure was likely due to seasonal factors and not the US economy struggling.
