020 7898 0500It was a fairly quiet Friday for the US dollar in terms of market movement and data releases. The dollar remained stable against the majority of currencies as Consumer Sentiment data failed to surpass the previous month’s figure, as expected.
We can expect a quiet week for data releases this week, with the weekly unemployment claims due out on Thursday, which is expected to post another stable figure. In addition to this, we will see flash Manufacturing Purchasing Manager’s Index (PMI) on Friday, which is expected to show further growth in the sector. Other than these, the US dollar markets will continue to be influenced by concerns over the global economy as a whole.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
