There was little data released from the US on Monday. US Federal Reserve member Dudley advised that the dollar’s recent strong performance against the majority of its peers, makes the US outlook more unknown and points towards the recent slowdown in the economy.
We expect this quiet to continue, with no US data releases until Wednesday. The focus this week will be on the Unemployment Claims on Thursday. This was a tough figure for the US of late and an important lead indicator in the lead up to the Non-farm employment figure due out at the start of May.