020 7898 0500It was a fairly quiet day in terms of US data on Monday, with factory orders being the only main release. This failed to spur any positivity, with orders showing an expected contraction and falling to the lowest level for 2 months.
We can expect more data releases today, in the form of Trade Balance, Final Services and Non-Manufacturing Purchasing Managers’ Indices (PMIs) as well as JOLTS Job openings data. The expectation is that all these figures should show some growth, except for trade balance data, which is expecting to show a slightly weaker figure than the previous month’s. There is plenty of opportunity for unexpected data to surprise US dollar markets today.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
