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USD: manufacturing data boosts dollar

By Callum Holmes July 4th, 2017

A positive start to quarter three for the US dollar, much needed after its worst quarterly performance in seven years!

This strength has come from private index results indicating higher than forecast manufacturing activity for the month of June and at its highest level for three years.

Today is Independence Day across the US, so dollar movement is expected to be fairly muted.

Tomorrow, however, brings the Federal Reserve’s meeting minutes and Friday we’ll be hearing US employment figures (non-farm payrolls). Two key data pieces which could quite easily create volatility in the dollar markets.