020 7898 0500The US dollar struggled yesterday following mixed data coming from the States. Nonfarm business sector labour productivity decreased by 0.5% during the second quarter of 2016 , whilst wholesale inventories beat market estimates. Furthermore, we saw increased pressure on the US dollar after the Atlanta Fed downgraded the third quarter GBP forecast to 3.7% from 3.8%.
Today we can look forward to the Job Openings and Labor Turnover Summary (JOLTS) data released, which is expected to post a slight increase on the previous month. With such strong Nonfarm Employment figures last week, investors will be keen to see whether job opportunities continues to grow. Any surprises could spell dollar weakness.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
