The US dollar had a slow day yesterday, as the start of the week brought very little in the way of significant economic data. With nothing from stateside to affect the markets, the dollar drifted somewhat on Monday, falling against both the euro and sterling over the course of the day.
Events pick up a little today, as the Job Openings and Labour Turnover Summary job openings figures are released. These are expected to have increased slightly. With the labour market as influential as ever, investors will look for positive signs in this area for encouragement as to the possible raising of interest rates. In the evening there will be words from two members of the Federal Open Market Committee, where investors may look for further clues as to the future of the country’s economy. The main event of the week remains the release of Federal Open Market Committee minutes on Wednesday.
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