020 7898 0500The dollar finished in a negative position last week, thanks to poor inflation figures that meant that the Consumer Price Index (CPI) data was lower than expected. This was countered by positive Building Permits Data.
This week we have a number of data releases; Junes existing home sales on Wednesday, a slight improvement is forecast, on Thursday initial jobs claims and on Friday Flash Manufacturing Purchasing Manager Indices for July, a slight increase is expected, and new home sales data where a slight fall is predicted. Will be interesting to see if the outcomes are as expected and how investors views on the US dollar and possible interest rate increases change as the week progresses.
