020 7898 0500It was a quiet day for the US dollar on the data front yesterday, with pending home sales the only major release of the day – which showed a slight drop on expectations. The US dollar, however, continued to strengthen anyway – thanks to continued speculation that the US Federal Reserve will raise Interest Rates in December.
Today, we can look forward to Manufacturing Purchase Managers Indices and Construction Spending; both are expected to post reasonable growth. However, the attention will remain on this Friday’s Non-Farm Employment change – with a positive figure expected to effectively confirm a December rise in US interest rates.
