It was a quiet start to the week for the US dollar, before it weakened on Wednesday and Thursday.
With little in the way notable data releases at the start of the week, and Monday’s Labour Day Bank Holiday, the US dollar remained fairly static. Wednesday proved to be a tough day for the US dollar as it fell by nearly two cents against sterling thanks to a £3.5 billion bid for UK insurer Amlin by Japanese company Mitsui Sumitomo. Again on Thursday there appeared little to support the currency as it continued to drift across the board.
Today however, all eyes will be on producer inflation and consumer confidence – both expected to be impacted by the recent struggle from the Chinese economy.