020 7898 0500It was a mixed day for the US dollar, with data releases on Friday affecting the currency’s movement. The two main releases of the day had varied results, with personal spending dropping in growth compared to the previous month, while personal income increased, showing that people in the US might now be saving money rather than spending. Consumer sentiment data was also released, showing its lowest level in seven months.
A busy week for US data releases starting yesterday with activity levels for manufacturing from the Institute of Supply Management, with a further release on Wednesday for non-manufacturing activity levels. This is all leading up to Friday’s all-important Non-Farm Employment Change, we can expect earlier releases on Wednesday and Thursday, which are indicators for Friday’s important figures. Average Hourly Earnings data is also released on Friday – this is expected to remain stable.
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