US dollar falls due to data last week – what does this week hold?

Last Friday was another mixed day for the US dollar, with data releases showing mixed results. Both the Non-Farm Employment Change and Average Hourly Earnings boosted talk of an interest rate rise later this year, showing better than expected results. The Unemployment Rate however failed to drop as expected.

A quiet start to the week is expected, but on Wednesday, we look forward to the release of JOLTs Job Openings; this is expected to show a slight increase on the month previous. Unemployment claims on Thursday should show yet another stable figure, with import prices expecting to show contraction for the first time in five months. Friday will be a key day for the US, as we can look forward to Retail Sales and Producer Inflation, both of which are expecting a drop on the previous month.

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