Currency Note US Dollar

US dollar boosted by good data and concerns over the Ukraine

By Ricky Bean April 14th, 2014

The US dollar finished the week on a positive note, reversing five days of losses against many of its partners as investors moved away from riskier areas. Alongside this, the two biggest data points from the US came out ahead of expectations, with both the Producers’ Price Index and Consumer Sentiment figures showed positive results.

This week starts off with immediate action, with retail sales figures due to kick things off. Tomorrow continues the eventful trend, with inflation figures and words from US Federal Reserve Chair Janet Yellen the key events, followed by smaller points of note, including the Empire State Manufacturing Index. Wednesday’s largest scheduled release will be data for building permits, with another speech from Yellen to interest investors. Friday finishes off a busy week with crucial labour data in the form of unemployment claims, due alongside the manufacturing index from the Philadelphia Federal Reserve.

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