Currency Note US Dollar

Will the US dollar continue to weaken?

By Smart Currency August 12th, 2013

The US dollar experienced little movement in what was an uneventful Friday. No data of note was released from the world’s largest economy and minor fluctuations occurred largely in response to events elsewhere. Looking ahead to this week, monthly retails sales data is being released on Tuesday, followed by the Producer Price Index, a key indicator of consumer inflation, which comes out on Wednesday. Both are key economic indicators, which are liable to have a notable impact on the US dollar’s performance should they differ from expectations. A whole range of data is set to be released on Thursday including unemployment claims figures, monthly consumer price index data and manufacturing data, so expect a degree of volatility to result. Call in now to see how the US dollar reacts to the week’s events.