Currency Note US Dollar

Will this week’s US data releases support a weakening US dollar

By Ricky Bean January 13th, 2014

The US dollar ended last week with a mixed bag of data. The US currency weakened in afternoon trading as December’s non-farm payrolls increased by 74 000, some way off the 196 000 figure expected by market analysts. At the same time unemployment actually fell to the lowest levels seen since October 2008 coming in at 6.7% from a previous 7.0%. Whilst it is likely that the weather played a significant role in the poor hiring figures, this once again puts the spotlight back on the Federal Reserve who may now delay any decision for a fresh round of tapering at this months central bank meeting. A busy week for data in the US see’s a raft of significant releases including retail sales, two sets of inflation data, consumer sentiment figures, building permits, the weekly unemployment claims data and the Chairman of the Federal Reserve will also be speaking. Plenty of opportunity for US dollar movements as please call now for the latest on the US dollar.