020 7898 0500It was a relatively quiet week in terms of US data, with the majority of movement seen in the markets dictated by sterling. Tuesday saw the release of the final US Gross Domestic Product (GDP) figure – a measure of growth – which was revised up and gave the US dollar some temporary strength, mostly seen against the Euro.
Consumer Confidence was also on the up, to five-month highs. Personal spending figures came out as expected, falling against the previous month, followed by personal income data, which moved in the same direction. Weekly unemployment claims data, on the other hand, showed yet another positive figure.
Today we can look forward to the ISM Manufacturing Purchasing Managers’ Index (PMI), which is expected to remain level compared to the previous month.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
