Currency Note US Dollar

US dollar on the up

By Ricky Bean June 11th, 2014

The US dollar had a mildly positive day in key areas yesterday, as the little data on offer showed good figures – the mildly influential job openings figure was higher than expected, which helped the dollar make gains against both the euro and sterling. Aside from this, markets were tentative as investors continued to look ahead to tomorrow for more influential data including retail sales for May and initial jobs claims for June.

In the meantime, there are a few more smaller pieces to tide investors over today. These come in the form of crude oil inventories, 10-year bond auctions, and the Federal Budget Balance, and could combine to help or hinder the currency. However, speculation ahead of events towards the end of the week could govern the markets on the whole.