020 7898 0500It was a slow day for the US dollar in terms of data releases, with the only major release, Import prices, showing mild growth for the first time in nine months. This left the movements of the US dollar to be determined by positive Consumer Inflation figures from the UK, pushing sterling back up against the American currency.
Today we will see the release of Retail Sales and Producer Inflation figures; both of which are expected to post positive growth for the first time in two months. These will also be leading figures in the run up to the next US Federal Reserve Meeting, where talks regarding a possible US interest rate rise will take place.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
