The US dollar had a mixed day to end last week, as crucial data from the country failed to have any significant impact on the market. With recent talk of a possible interest rate rise, investors looked to the ever-important labour market for signs that might affect the rate decision. However, the non-farm employment change came out a touch below its expected level, and the unemployment rate a little worse than previously. This weakened the dollar slightly, but not dramatically.
This week begins quietly, with major data not due until tomorrow, when we will have the job openings figure. Wednesday is an important day, with the release of minutes from the latest Federal Reserve meeting. Investors will be keen to hear these, following the recent chatter surrounding interest rates. Labour data could impact the markets on Thursday, in the form of unemployment claims, before Friday closes out the week with the Producers’ Price Index and the preliminary consumer sentiment from the University of Michigan.
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