It was an encouraging day for the US dollar on Friday, with positive movement seen in the US dollar market. Consumer Price Index (CPI) – a measure of inflation – boosted positivity with-better-than expected figures at a two-month high. Consumer sentiment data, however, remained static against expectations.
The start of this week is expected to be quiet due to minimal data releases. Wednesday will be a key day for investors as they look forward to the US Federal Reserve interest rate decision. It is widely regarded that the Federal Reserve will keep rates on hold but it will be the statement that follows that could give key indications on when the central bank might next make its next move. In addition to this, weekly unemployment claims data is expected on Thursday, with another stable figure predicted.
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