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Slow data day for US dollar

By Ricky Bean July 12th, 2016

Monday was another day with sterling dominating the news and very little in terms of data releases from the US. US Federal Reserve member Esther George spoke during the day, advising that with a sluggish first quarter, the second quarter of 2016 looks poised for a comeback by the US economy. George advocated a push for an interest rate hike in the US.

There are minimal data releases of significance expected today, with JOLTS Job Openings data predicted to see little change from the previous month’s figures. Federal Reserve members Daniel Tarullo and James Bullard provide comments today, which could cause some movement in US dollar markets.

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