Currency Note US Dollar

US dollar data awaits key employment data release

By Ricky Bean December 6th, 2013

The US dollar had a mixed week starting very weak against the majority of its trading pairs (reaching its lowest point against the sterling in over two years) but then staging a moderate recovery on Tuesday with positive US data. The high impact data for the week includes purchasing managers index on Tuesday which came out positive and the Federal Reserve Chairman Ben Bernanke gave his views on the outlook for the states which was broadly positive. Better than expected third quarter GDP figures released yesterday (revised up to 3.6% compared to a forecast 3.1%) along with strong unemployment claims helped boost the dollar yesterday. Today we have non-farm employment payroll figures along with unemployment rates and preliminary consumer sentiment which are sure to trigger movements for the dollar. Call now for the latest news and updates.