After a quiet day for US data, and the dollar’s main movement seen dictated by sterling once again, investors will be pleased to see Producer Price Index (PPI) data – a measurement of inflation – and industrial production figures due out today. Inflation is expected to remain flat and industrial production set to show growth for the first time in six months.
The main release will not be until the evening, with the US Federal Reserve Meeting minutes. Any comments made regarding interest rate decisions will have an impact. Any further comments from Federal Reserve Chair Janet Yellen on the recessionary possibilities for the US economy could cause trouble for the US currency.