020 7898 0500The dollar has experienced a pretty poor week so far, as investors proceeded with caution given the Federal Reserve meeting and non-farm payrolls were set for release. The Fed only really confirmed what was expected, although they did say they expected inflation to rise and stablise.
However, this week is all about the non-farm payrolls which are due for release at 3pm BST. They disappointed in December (which could explain the caution this week), but if the reading comes in strong then it is entirely possible that the dollar could retrace some of its recent losses.
Like the UK and EU, manufacturing PMI came in pretty healthy – it came in at 55.5 in line with expectations. As well as the non-farm payrolls we will have the unemployment rate for January. Pretty big day for the US – will it have any bearing on dollar movements?
