Friday was an underperforming day for the US dollar, as the all-important Non-Farm Employment Change figures failed to meet expectations. This was not wholly unexpected, as the two main indicative releases early last week had fallen short of forecast and so it was thought that Friday’s data may follow that same pattern – and indeed showed a three month low. As a result of this, the US dollar weakened against the majority of currencies.
This week is very much the same as the last, with minimal data releases during the week and the major releases expected on Friday. Today may see the release of US mortgage delinquencies data, which usually would not have a huge market impact, but, on a day of minimal data release, could be enough to cause some market volatility.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.