Currency Note US Dollar

US Dollar affected by economic data and Ebola in New York

By Smart Currency October 27th, 2014

The US dollar finished last week on a disappointing note, thanks to both economic data and the confirmed diagnosis of Ebola in New York. Elsewhere the new home sales figure from the country were below estimates, which also hindered the dollar’s performance.

This week starts with medium intensity, with the pending home sales due today. Tomorrow sees the first pair of significant releases – first the durable goods orders, followed by consumer confidence. Mid-week will again bring the most important news, as the Federal Reserve have their latest meeting on policy and rates. This is a focus for investors at present, so they will be keen to see if there are any clues as to whether this will happen sooner rather than later. Thursday continues the release of influential information, with some key figures including the growth shown in the advance GDP and the ever important unemployment claims. In addition to this, Chairwoman of the Federal Reserve Janet Yellen will be speaking, potentially giving further clues as to their feeling. Friday brings a quieter end to the week.