The US dollar showed further weakness yesterday, following poor results in the form of Chinese exports data. Euro strengthening also didn’t help the US dollar, as the US currency dropped half a cent against sterling and just over a cent against the euro. Job openings in the US posted figures below expectations, but the US employment market does look in a very stable condition.
Today, could be busy with the release of import prices, widely expected to post figures better than in the previous month, and therefore showing that it is becoming cheaper to import for the US. Weekly labour data released today is expected to show another stable figure; alongside these releases are Retail Sales figures, which are expected to show strong growth compared to the previous month.