020 7898 0500It was a mixed day for the US dollar on Tuesday thank to the release of significant data. We saw Personal Spending increase slightly more than expected, but this gain was short-lived, as Personal Income dropped on the forecast figure. With this mixed data, investors are finding it difficult to see any positive signs for the rest of the week, with a lowly expectation for the Non-Farm Employment Change this Friday.
Today, we can look forward to ADP Non-Farm Employment Change figures, which are widely used as an indicator to the main release on Friday; this is expected to show a similar figure to the previous month. ISM Non-Manufacturing Purchase Managers Indices (PMIs) figures are also due, and expected to show a slight drop on the previous month, but nonetheless comfortably showing signs of growth in the sector.
If you are looking to buy or sell dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
