020 7898 0500The US dollar had a mixed start to the week, on a day of low data activity all around. With nothing of note out from the US, its currency had little to go on, and as such saw no single movement to speak of. Key areas saw the dollar slide, losing ground against both sterling and the euro, with the latter particularly active after the weekends developments in Greece.
Today sees activity increase especially from Stateside, with a number of releases due to impact the markets. The first of these comes in the form of the Durable Goods Orders figures, as investors look for data that could support the US dollar this week. Following on from this comes the consumer confidence figure, alongside the new home sales figure. While not as significant as labour market data, positive results in any area are important at the moment, especially with the question over interest rate rise timescales rumbling on and the latest Federal Reserve meeting announcement due tomorrow evening.
