Slow news for the US dollar expected to continue until later in the week

It was a quiet day on Friday for US dollar data, with Consumer sentiment the only release of note – and one that showed a drop in confidence, reaching fresh lows that had not been seen for six months. Various members from the US Federal Reserve also spoke, but with nothing of particular note mentioned.

We are in for a quiet start to this week with minimal data releases for the US. Tuesday will see the release of Flash Manufacturing Purchase Managers’ Indices (PMI) which is expected to increase, followed by the release of both Durable Goods Orders and Weekly Labour Data on Thursday. Investors will be keeping a keen eye on Friday however, with the Final Gross Domestic Product (GDP) figure for last quarter 2015 announced. With recent worries regarding the world economy and the continued pressure on the Oil price, it will be interesting to see if the US manage to post a non-revised figure.

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