Currency Note US Dollar

Investors eye update to US growth figures this week

By Smart Currency February 24th, 2014

The US dollar had a mixed day at the close of last week, seeing shifts in both directions. Some losses were seen from the currency, with the only data – existing home sales figures – coming in below expectations. However, the dollar ended up better against sterling, and also versus the yen thanks to speculation that the Bank of Japan will continue its stimulus while the US Federal Reserve cuts theirs.

This week starts slowly today, before increasing in activity tomorrow with the release of the Consumer Confidence figure for February. Wednesday sees the new home sales figures announced, before Thursday’s core durable goods orders comes alongside the ever-important unemployment claims. Friday then holds potentially the biggest release of the week with an update to the fourth quarter growth figures and the possibility of a downgrade from the previous announcement before the week closes out with pending home sales data.

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