Currency Note US Dollar

US dollar struggles

By Ricky Bean January 24th, 2014

The dollar finished the week down against the majority of its peers following a week that was light on significant data for the US. Market sentiment still suggests that investors fear the worst for the world’s largest economy in the coming months; however; an announcement regarding the stemming of federal stimulus could limit the effects of this sentiment.

Weekly jobless claims in the US came out fractionally higher than last, but overall forecasts for longer term joblessness lowered, lending credence to a positive outlook for the US labour market.

With no major releases scheduled in relation to the US today it is unlikely we will see any major movement for the dollar before next week.

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