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Posted by Charles Purdy

US interest rate decision – no change likely | 14/03/2016

It was a reasonably quiet morning for the US dollar on Friday, with no major data releases. However come the afternoon we saw the US currency weaken against majority of currencies losing just under two cents against sterling and one cent against the euro.

We can expect a busy week starting on Tuesday, with Core Retails Sales and Producer Inflation data both expected to fall into negative territory. Wednesday we can look forward to Consumer Price Index (CPI) figures. A measure of inflation, the CPI is expected to show contraction. This will be followed by the US Federal Reserve Interest Rate Decision later that evening. No change is expected but the markets will be looking very closely at what is said post the meeting so as to gauge the possible timing of when US interest rates will next be increased. June is very much the timing favoured by the markets.

With the bulk of major releases due out in the middle of the week, we finish the week off with Consumer Sentiment in the US, which is expected to post a better than the previous month figure. Various Federal Reserve members will also be speaking which has the potential to impact US dollar markets.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

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Posted by Charles Purdy

UK exporters look to US import price data | 11/03/2016

It has been a quiet week for US data releases, with minimal major data released. On Thursday we saw the weekly unemployment claims drop further; other than that, most of this week’s movements have been dictated by both sterling and the euro.

Today, we will have the release of the import price data, which is expected to post disappointing figures yet again. This could contribute to the US’s worsening economic outlook, but any welcome surprises could help give the US dollar a boost.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Posted by Charles Purdy

US dollar continues to be dependent on events elsewhere | 10/03/2016

It was another quiet day for the US dollar in terms of data releases, which seems to be the theme so far this week. This hasn’t stopped movement in US dollar markets, though, which was dictated by euro, sterling and oil price activity throughout the day on Wednesday.

Today we can expect much of the same, with the only major release being weekly labour data, which is expected to post another stable figure. Any surprises could result in related dollar movement; otherwise, dollar strength is likely to be dependent on events elsewhere.

If you are looking to buy or sell US dollars, we suggest contacting your trader now for live rates, news and currency-purchasing strategies.

Posted by Charles Purdy

US looking at EU | 9/03/2016

It continued to be a quiet day for the US dollar on Tuesday, with no major data releases due. Movement seen on Tuesday was mainly driven by continued sterling pressure and uncertainty leading up to the European Central Bank (ECB) meeting on Thursday.
W…

Posted by Charles Purdy

US dollar dependent on events abroad | 8/03/2016

It was a quiet Monday for the US dollar, with no key data releases due. We did see the US dollar weaken slightly against sterling as the panic regarding the UK referendum subsided for the time being. With no key data releases due out today either, the …

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