Currency Note US Dollar

US Dollar benefits from safe haven status

By Smart Currency September 2nd, 2015

The US dollar continued to strengthen on Tuesday against the majority of its peers, despite weaker-than-expected data releases. The Institute for Supply Management (ISM) Manufacturing Purchase Managers’ Index showed marginal growth for the sector in August that was slower than anticipated – the lowest figure since May 2013.

With the focus on this week being on the non-farm employment change data on Friday, we can look forward to a related indicator due out today. There is expected to show a slight increase on the previous month’s figures, with non-farm productivity expecting to show positive signs of growth.