Currency Note US Dollar

Will the US dollar continue in this positive streak?

By Ricky Bean August 6th, 2015

The US currency made ground against the vast majority of major currencies yesterday on the back of positive service sector activity in the US. The growth in July was reported at its fastest pace since August 2005. Employment data from ADP though was disappointing when compared to expectations.

Today we see the release of the important initial unemployment claims at 1:30pm, the figure is forecast to be 273,000, higher than previously reported. This is all building up to tomorrows key Non-farm Payroll growth figures which are forecast at 225,000, similar to last month, and a key driver in the Federal Reserve raising interest rates which is still forecast to happen in September.