020 7898 0500The US dollar dropped off a little yesterday as it continued to retrace from the gains it made last week. The weaker-than-expected US jobs’ data last Friday began the demise and it has continue in a similar vein this week.
In US economy news, two Federal Reserve Presidents are set to take to the stage to give a speech. Minneapolis Fed’s Neel Kashkari and the Dallas Fed’s Robert Kaplan will speak separately and investors will be listening keenly for possible indications of future monetary policy.
Later today we have the Federal Open Market Committee meeting minutes which should prove of huge interest. We could see further hints of a US interest rate hike in December and, if so, the dollar could perhaps strengthen in a similar fashion to that of last week.
