The US dollar had a mostly disappointing day yesterday, in anticipation of the minutes from the Federal Reserve’s latest meeting. With no major data from the country to affect markets, it was speculation that drove market movement with investors keen to hear any clues following on from US Federal Reserve Chair Janet Yellen’s recent words regarding possible early interest rate rises. Overnight, the minutes showed that the Federal Reserve was more circumspect about when interest rates would rise with the result that the US dollar weakened very quickly and across the board following the release.
Today, there is more data for investors to digest in the wake of last night’s events, notably from the labour market. As an integral indicator of the economic health, the unemployment claims figure will be the most influential figure of the day. Given the recent lows it has faced, the dollar will be looking to gain back some ground, so call your trader now for the latest US dollar rates.