Could data released today increase the likelihood of an interest rate rise in 2015?

Monday was a very quiet day for the US dollar, with minimal data releases. Today, we can look ahead to a much busier day for the American currency.

Consumer Inflation will be released later today, with an expectation that it will hit the first positive figure in three months. This could lead to further calls for an interest rate hike to be introduced in December. Industrial Production is also due out – and is also expected to hit its first positive figure for three months.