Currency Note US Dollar

Positive day for the US dollar

By Ricky Bean November 25th, 2015

Positivity surrounded the US dollar on Tuesday as positive releases in terms of preliminary growth data and the goods trade balance showed better-than-expected results. The preliminary growth figure was revised up further to 2.1% for the third quarter higher than expectations as the US dollar continued to strengthen.

We can expect another busy day today, with durable goods orders, personal spending and personal income all expecting to show growth on the previous month’s data. The Flash Services Purchasing Managers’ Index, also expected today, is forecast to post continued growth in the sector, which could contribute to added US dollar strength.