It was a mixed day for the US dollar on Friday as retail sales showed positivity for the first time in two months, backing up further strength for the US currency. However, consumer sentiment data released later in the day dropped slightly to its lowest figure in five months, which could have been seen from the recent personal spending data, which also lacked any growth.
This week we can look forward various inflation releases with Wednesday’s Producer Price Index (PPI) expected to remain at a negative figure, as well as Friday’s Consumer Price Index. Beyond this, it will be the US Federal Reserve Meeting minutes that investors will be keeping a keen eye on for any comments centred on possible interest rate rises in the next meeting in March. US Federal Chair Yellen recently downplayed claims advising that it is way too early to think about rises in March.