Currency Note US Dollar

Raft of data could move US dollar

By Smart Currency April 15th, 2016

Consumer inflation was the main release for the US yesterday, showing its first positive growth in two months. However, this still disappointed, as it was not quite at the level expected. The weekly unemployment change was released shortly after and showed a positive figure yet again.

Today we can look forward to the Consumer Sentiment data, which is expected to show its highest figure in three months. However, this release has failed to meet its expectation in the last two months, so any surprises could spell movement for the US dollar. Industrial production is also due; this is expected to show a slight increase on the previous month, but still reside in negative territory.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.