Currency Note US Dollar

US Dollar waiting for tomorrows economic releases

By Ricky Bean July 29th, 2014

The dollar maintained its recent highs against numerous other major currencies in subdued Monday trade as investors wait for key economic events at the latter end of the week. Although support for the dollar remained on Monday, it is worth keeping an eye on both the U.S. employment report and US Federal Reserve statement, which are both due out tomorrow.

Federal Reserve Chair Janet Yellen suggested earlier in the month that interest rates may rise if the labour market continued to recover, so investors will be watching the statement for any clues as to when this may happen. Expect another quiet day for the US dollar today unless some event or news elsewhere has an impact.