Currency Note US Dollar

Good day for the dollar thanks to strong consumer confidence

By Smart Currency July 1st, 2015

Yesterday the dollar experienced the greatest movement during the afternoon, thanks to the data released in this time. The Chicago Purchasing Manager Index (PMI) and other figures came in below expectation, only to be balanced out by strong data from the influential Consumer Confidence. It also followed a similar trend against the euro, and ended the day in a slightly stronger position against both major currencies.

Today is a busy day for Americans, with several economic indicators due for release from 12.00 onward. The most notable of these are the Manufacturing PMI and Non-farm employment changes – but both are expected to be better than last months.