020 7898 0500Yesterday saw a quiet day in terms of US data, with US dollar movement largely dictated by sterling movement. Investors were looking forward to yesterday’s evening’s Federal Open Market Committee (FOMC) meeting minutes. These proved to be more supportive of an increase in interest rates in June than expected but the proviso was still that any increase would need to be supported by positive economic data.
Following yesterday’s FOMC meeting minutes, we can expect two US Federal Reserve members to speak today, possibly expanding on comments made. These may have an impact on the US dollar. Data-wise, we can look forward to the weekly unemployment claims data, which is expected to post another stable figure. Any surprises could spell movement for the dollar.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
