USA experiences a welcome lull following the interest rate excitement

It was a quiet day for the US dollar on Friday, with only the Services Manufacturing Purchasing Manager’s Indices released, showing a drop from both previous and expected figures.

With the festive season fast approaching, minimal data will be released this week. What we can look forward to, however, is the Final Gross Domestic Product (GDP) figures that will come out on Tuesday 22nd December. These are expected to be revised down, in addition to the data for Durable Goods Orders, which is also expected to drop slightly in comparison to the previous month.

The quieter period over the holidays (before any further interest rate hikes) is a good time to review your US dollar buying or selling strategy – contact your trader to discuss your needs for the New Year.