Currency Note US Dollar

US Dollar weakens against sterling to rates last seen in 2014

By Ricky Bean May 12th, 2015

Yesterday was a quiet day on the data front for the US dollar, sterling strength saw the US currency continue to climb to the 1.56 level, trading at a 2015-high. Labour market conditions, the only significant data release of the day, reflected slightly worsening conditions, which might have contributed to the US dollar weakness.

Today we will see US Federal Reserve member Williams speak, with the spotlight on economic conditions and interest rates. Expectations now for the US is that they may not increase interest rates untill late this year, due to the recent slowdown in the economy. JOLTS job openings are expected to show slight increase in jobs available; any surprises could affect dollar movements.