The US dollar had a quietly positive day yesterday, seeing minor improvements against most of its major partners. This strength came despite any physical encouragement from data or key figures. The only event from the country that was of any significance was the mildly influential job openings figure, which came in slightly behind its expected level. Despite this, the dollar managed to avoid any adverse effects, as investors looked ahead optimistically to more significant releases.
A much busier day centres on the retail sales, an important measure of consumer spending and economic health. Markets moved positively ahead of this as investors predicted a growth in this area. Alongside this, a few less significant releases could combine to further alter the dollar’s strength, in line with retail sales data.