Currency Note US Dollar

Possibility of US interest rate rises?

By Ricky Bean March 24th, 2016

It has been a fairly quiet week for US data this week. with no major releases. Tuesday saw the release of Flash Manufacturing Purchasing Managers’ Index (PMI) data, which showed further growth in the sector. Two members from the US Federal Reserve spoke publicly this week, both agreeing that there is a good case for an interest rate rise at the central bank’s next meeting, which takes place in April. This, coupled with sterling weakness across the board, saw the US Dollar continues to strengthen.

Today we can look forward to durable goods orders, which are expected to contract for the second time in three months, showing the sector to be very volatile. Following this, we see the release of the weekly labor market data, which is expected to post another stable figure. As always, any surprises could result in unexpected movement in US dollar markets.

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