020 7898 0500The dollar index reached its highest level in almost 14 years this week, largely driven by Yellen’s comments on Friday, signalling that the Fed is likely to announce an interest rate hike at its next meeting on December 16th 2016.
Investors have started shifting their portfolios to US assets in anticipation of the rate hike and faster economic growth levels there than in any other developed country.
Whilst there is a fair amount of data due to be released this week, the only data set of significance is durable goods orders which will give an indication of how the US economy is doing as well as the minutes from the last Federal Reserve meeting which will be closely scrutinized.
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