Currency Note US Dollar

A busy week for the US dollar despite the festivities

By Ricky Bean December 23rd, 2013

The US dollar ended last week with some positive movement, despite no further data to spur these shifts. The American currency was little changed against sterling, although good gains were made against both the euro and the Japanese yen. Moving in to this week, the US economy does have some figures due despite the Christmas break. Firstly, Christmas Eve holds the core durable goods orders and the new home sales from stateside, with the unemployment claims due on Boxing Day. Following the decision by the Federal Reserve to taper their quantitative easing program, data will continue to be important as a continually improving economy is needed to maintain this program. Also, figures either side of predictions are liable to impact the market more significantly, thanks to the decreased activity. Get in touch with your trader now for the latest US dollar rates, as investors look for continued vindication for the tapering.