020 7898 0500Tuesday was another quiet day for the US dollar with no data releases. Federal Reserve member Rosengren did, however, announce that they may well have to experiment with the path to raising interest rates – and see how the US economy reacts to an early rise.
We expect today to be equally quiet, with only two releases likely to be released: existing home sales and crude oil inventories which are both forecast to show a slight increase – and in recent times the market has only reacted to these data releases when a much worse or better than expected figure is released.
