Yesterday was a rather steady day for the US dollar as there were no major economic events on home ground to influence it. We saw mild strengthening against the euro and a small loss against sterling.
Today is a slightly busier day for the US in terms of data traffic. We await the release of the Producer Price Index (PPI) figures, as well as core and standard retail sales data. With all three expecting to show growth, we could see further strengthening for the US dollar. However, this is not a foregone conclusion, given that the last three months’ figures were not up to scratch.