Currency Note US Dollar

US dollar has a mixed day

By Smart Currency March 11th, 2014

The US dollar had a mixed but quiet day yesterday, with no major data released from the country. The only mildly interesting point of the day for the US was a speech from a voting member of the Federal Open Market Committee. In this, he stated that the recent run of encouraging data wouldn’t necessarily be enough to prompt an increase in the pace of the tapering of the quantitative easing program. This dampened investors’ confidence somewhat, as an increase would have implied faster-than-expected growth for the US economy.

Today sees a slight increase in activity from stateside, with the job openings figures from the Job Openings and Labour Turnover Summary. With the labour market of particular importance to the central bank’s decision whether or not to taper and by how much, this data will be of some interest to investors, but will also be the only figure of note.

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