Currency Note US Dollar

US Dollar awaits employment data

By Ricky Bean November 13th, 2014

The US dollar had a mixed day today yesterday, as events stateside were few and far between. The currency did make good gains against a weakening sterling, as well as versus the euro. However, optimism from Japan saw the dollar fall for the first time in three days against the yen. There was no data to speak of from the US itself, while words from a member of the US Federal Reserve contained little in terms of interesting insight.

Today brings a little more in terms of US releases. The first and most significant is the unemployment claims figure. As the labour market is key in the eyes of the Federal Reserve for interest rate rises, this will continue to be of particular interest. This could be supported by some more labour data, in the shape of the job openings. Positive results in this area could see increased speculation over the timescales for interest rate rises, while other smaller releases could also add to the activity.