Yesterday was quiet for the US dollar in terms of data releases, with the final growth figure showing an expected increase on last month’s, but still floundering in the negative. With the recent weakness in the euro due to the ongoing Greece-Eurozone talks, the US dollar has strengthened slightly against both the euro and sterling.
The weekly unemployment figures are due this afternoon – a slight increase on last week’s figures is expected. Any surprises on this front could cause movements in US dollar markets.
We will also be seeing key data releases that the US Federal Reserve would like continued strength in – personal spending and personal income. Strength in both should suggest an increase in retail sales. The flash services purchasing managers’ index is also due to show positivity, with continued growth in the sector.