020 7898 0500The US dollar fell further on a disappointing Friday as further economic data from the country missed expected levels, lowering belief’s that the Federal Reserve will begin tapering its quantitative easing program in the near future. Data figures from the Empire State manufacturing index, import prices, and industrial production all failed to reach their anticipated levels, pushing the dollar down further for the week. Moving into this week, words from various Federal Reserve members will be key points of interest with Chairman Ben Bernanke’s speaking on Wednesday. Wednesday also has Consumer Price Index, retail figures and existing home sales in a busy day for dollar data, preceding the minutes from the Federal Open Market Committees meeting. As ever, investors are keen to gain an insight into the Federal Reserve’s views on the US economy, as it provides a good idea for the future of the currency. Thursday has some equally interesting data, with Producer Price Index and the unemployment claims, the latter continuing its place at the fore of investors radars, being the last important release of the week. Call your trader now for the latest on the US dollar, in a week with multiple influencing factors.
