The US dollar ended the week on a positive note, as the markets continued to respond to the Federal Reserve’s meeting on Thursday. Whilst the central bank refrained from altering its current monetary policy, the accompanying statements did not completely rule out tapering the quantitative easing program this year in spite of market expectations following the government shutdown. The Manufacturing Purchasing Managers Index (PMI) from the US compounded these gains, as the better than expected figure added fuel to this argument, and as such extended the biggest weekly rise against sterling since July. This week, data from the country is likely to be closely scrutinised, as it has a bearing on when the tapering program may commence. Tomorrow starts things off, with non-manufacturing PMI and on Thursday we have advanced GDP accompanied by the weekly unemployment claims figures. Friday is expected to be the most influential day on the markets, with figures showing the overall rate of unemployment and the highly influential non-farm employment change. This is particularly important due to the Federal Reserve’s rhetoric that it will not taper it’s current quantitative easing program until the labour market has shown significant signs of improvement. Call your trader now for the latest US dollar rates.