Currency Note US Dollar

Slow start to the week for the US dollar

By Ricky Bean August 12th, 2014

The US dollar had a largely uneventful day, as influential events were few and far between. With little for investors to go on, the dollar remained mostly unchanged against its major partners. There was no significant physical data of note, with just words from a member of the US Federal Reserve to keep investors interested. Vice Chairman Stanley Fischer stated that that the slower growth of the labour market was a source of a concern, as it may have an adverse effect on economic output in the longer term.

Today is also quiet in terms of data, with one piece of mildly influential data due stateside: the job openings figure, to continue a slow start to the week. Investors interested in Fischer’s words may pay particular attention to this, thanks to his warning. Aside from this, investors will be looking to tomorrow for more significant events.