020 7898 0500A poor start to the week for the dollar, which hit a one-week low against the euro yesterday after a weak durable goods report. Long-lasting factory goods dipped in May for the second month in a row. Ordinarily, this wouldn’t have a huge impact on the dollar but on a quiet day, this worries investors and only adds to the uncertainty over further rate hikes later in the year.
Janet Yellen will be speaking tomorrow and we may get a little more clarity.
Consumer confidence figures for the month of June will also be out tomorrow. They’re forecast to fall to 116 from 117.9.
This, coupled with announcements from other central bank committees, could lead to a bumpy day ahead.
