020 7898 0500It has been a very quiet start to the week for the US dollar, with movements being driven by both sterling and the euro. With few significant data releases due yesterday, we did see unemployment claims figures, which weakened to their highest level for nearly a year. Following this, we had the release of import prices data which failed to show any more growth.
Investors will be looking forward today, with three major data releases due. We see both retail sales and producer inflation data released in the early afternoon. Both figures are expected to post growth. We also have the release of consumer sentiment data, which is also expected to show growth for the first time in three months. Any surprises on any of these releases could mean movement in US dollar markets.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.
