020 7898 0500It was expected to be a busy day for the US dollar on Friday, with Advance Gross Domestic Product (GDP) figures to be released. The figure disappointed, with growth slower than expected; however, the US dollar continued to strengthen on the back of the previous quarter being revised up by 0.5%.
We are in for a busy week, starting with Personal Spending and Personal Income data released today, with both figures due to show continued growth. Also released will be ISM Manufacturing Purchasing’ Managers’ Indices.
The spotlight on this week will be on Friday’s all-important Non-Farm Employment Change, which is expected to show its lowest growth figure for four months. Leading up to this will be various indicators on Wednesday and Thursday. These could allow for multiple opportunities for dollar market fluctuations.
