Currency Note US Dollar

Will todays data releases support the US dollar

By Ricky Bean June 12th, 2014

The US dollar was again subdued thanks to the barren field of economic data. In the absence of figures, the US currency rose marginally against the euro, but fell against a strengthening sterling. Today finally brings some real points of interest for the US dollar after the slow start to the week, meaning that we could see some more significant movements in the markets.

Due this afternoon are retail sales figures, alongside key labour data in the form of unemployment claims. Both of these could prove influential, depending on their direction and magnitude, as investors will be keen to see what information they give regarding the wider economy.