020 7898 0500With very few data releases so far Stateside this week – and following a bank holiday on Monday – it was not the US economy that was dictating the dollar’s movements yesterday. The US dollar continued to strengthen, but on the back of negative UK inflation data.
Today that could all change with a steady flow of US data due. Retail sales are expected to post a negative figure, while producer inflation data is also expected to drop into negative territory. Tomorrow we can look forward to consumer inflation data, which, could give cause for more market movements, while the weekly unemployment claims figures are expected to be stable.
