020 7898 0500It was a discouraging day on Friday for the US dollar, with weakness seen against the majority of currencies. Retail sales data released failed to post any growth from the month before, with Core Retail Sales figures actually showing contraction for the first time in five months. Meanwhile, Producer Price Index (PPI) data released at the same time also showed contraction for the first time in four months.
On Tuesday we look forward to consumer inflation figures, which are expecting to not post any growth for the first time in five months. On Wednesday, investors’ attention will be on the US Federal Reserve Meeting Minutes, which will show a detailed record of the most recent meeting. On Thursday we have weekly unemployment claims, which are also expected to post another stable figure. As always, any surprises could cause market fluctuations.
If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency purchasing strategies.
