020 7898 0500The dollar is set for its worst quarter in nearly seven years after multiple central banks hinted towards changes in monetary policy, adding further pressure on the currency.
Looking to the week ahead, June employment figures take centre stage. Non-farm payrolls have slowed down of late, to an average of 120,000. June however, is forecast to rise to a level of 180,000. However, the sharp slowdown in previous months has not stopped the unemployment rate falling to a 16-year low of 4.3%, which is expected to remain stable for the month of June.
Again, we’ll find out from the minutes of the last Federal Reserve’s (Fed) meeting, which are released on Wednesday, what the Fed’s view on the US economy is and the likelihood of another interest rate increase. This is currently a key focus for all investors amid concerns over the data falling short of their targets.
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