020 7898 0500The dollar has started the week well, despite it being Columbus Day (a national holiday). Edging higher off the back of Friday’s strong wage data, bringing the currency close to a 10 week high. This will only reinforce the Federal Reserve’s aim to change monetary policy before year end and certainly restores investor confidence.
Looking to the week ahead, the Federal Reserve (FOMC) meeting minutes will be deciphered and assessed by investors. It seems the recent upbeat tone and minimal reaction to inflation has seen markets largely price in a rate hike in December. We’ll also be have the release of retail sales figures which have disappointed of late, taking an unexpected fall in August. Finally, inflation figures will be out, which are forecast to have picked up to 2.3% in September but as mentioned, we may see little impact on the market.
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