Currency Note US Dollar

US dollar

By Ricky Bean January 28th, 2016

With minimal data released for the US during the day on Wednesday, attention turned to the US Federal Reserve Statement and Rate decision in the evening. Given the recent turmoil in stock markets, China and the falling oil price, the tone of the statement was more supportive of future US interest rate rises than expected as they focused on the economy rather than the stock market. This was supportive of the US dollar.

Today we see the release of the weekly unemployment claims, and this is expected to post another stable figure – along with durable goods orders, which is expected to fall in line with the recent negative inflation release and also post contraction.

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