US Dollar

Can the US dollar continue its strong week?

By Ricky Bean June 29th, 2015

Last week was a strong one for the US dollar, and investors will be hoping that this week follows suit as we have a very busy week for US data releases.

Today we have data for pending home sales, forecast to be down from last month, but the big news for the first half of the week will be the consumer confidence and the ISM manufacturing Purchasing Manager Indices data releases. Positive results for these could boost the US dollar.

In the second half of the week the data releases are focused on employment. On Thursday we have initial claims figures and then on Friday the June key non-farm payroll figures plus the June unemployment rate which is expected to show a fall from the previous month’s figures.

A very busy week for the US dollar and therefore if you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.