Currency Note US Dollar

US dollar weakens again

By Ricky Bean November 14th, 2013

The US dollar had a quiet Wednesday, with little data from stateside to combat opposing strength. As a result, the dollar fell for the day against sterling whilst fluctuating against the euro. Today sees a higher level of potential volatility, with some significant data releases and events to affect the markets. Firstly, both the trade balance and the unemployment claims will be of particular interest to investors, as they continue to look for positive news on the economy for a possible December start to the quantitative easing tapering. Then, after this, the testimony from the next chairperson of the Federal Reserve, Janet Yellen will also be liable to cause volatility, as the unscripted question and answer session could provide unique insight on to her plans and their potential effect on monetary policy. Get in touch with your trader for the latest dollar prices, on a busier day for the currency.