020 7898 0500The dollar had a positive Tuesday against a number of majors currencies, although it fell against most commodity currencies (including the Norwegian krone, and both the Australian and Canadian Dollars) as crude oil price turned negative. This varied performance can be seen in the Dollar Index (DXY), which began the day at the 99.15 mark, hit a peak of 99.30 and fell back to 99.00.
Wednesday sees an abundance of fundamental news from America, including Building Permits figures (shows number of permits for new construction projects) and a raft of Consumer Price (CPI) data (key measure of inflation and purchasing trends). The expectation is that the US dollar will remain relatively stable – but a small positive or negative figure could well affect the most recent Dollar movements greatly.
