It was an underwhelming day for the US dollar on Friday, with data releases failing to show further strength. With retail sales and inflation in the form of a Producer Price Index (PPI) released, figures were less than impressive, with both showing slight contractions on the previous month’s figures. As well as, this industrial production levels, which have struggled in the last five months, continued to do so.
With US banks closed for Martin Luther King Jr Day on Monday, we can look forward to the start of data releases on Wednesday. The Consumer Price Index (CPI) is expected to follow in last week’s PPI data’s footsteps, with no increase predicted. Thursday will see the release of weekly unemployment claims, which is expected to post yet another stable figure. Any surprises, however, could spell movement in US dollar markets.