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Hints of inflation fall from US

By Callum Holmes July 13th, 2016

It was a quiet day for the US dollar in terms of data, with movement again being dictated by sterling. The only major data release we experienced on Tuesday were JOLTS JOB Opportunities, which fell slightly against the previous month, more than what was expected. We also had US Federal Reserve Members Tarullo and Bullard speak, in which nothing of note was mentioned.

It is a very similar story again today, with minimal data releases due. We will, however, see import price figures, which are expected to fall slightly from the previous month. If this does happen investors may question whether the inflation rate could follow suit.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.