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Posted November 30th, 2015 by Charles Purdy

Busy week for the US economy as Yellen takes centre stage

It was a quiet day for the US dollar on Friday, with no data releases. This week, however, we can expect quite a busy week with key data releases due.
Tuesday will see the release of the ISM Manufacturing Purchasing Managers’ Indices (PMIs), which are expected to show continued growth from the recently underperforming sector. The key non-farm employment change figure is released on Friday, preceded on Wednesday by the ADP employment survey and on Thursday by the November initial claims figures. Investors will be watching Friday with a keen eye, as non-farm Employment change figures, which are expected to show a slight decline on the previous month’s data, are a key driver in higher US interest rates.

The spotlight this week will also shine on speeches from Federal Reserve Chair Janet Yellen on Wednesday, as well as a testimony from her on Thursday. This could provide investors with more information regarding a potential interest rate hike before the year-end – any such information could have a significant impact on 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 November 27th, 2015 by Charles Purdy

Black Friday takes centre stage in US

With Thanksgiving taking place on Thursday and no data releases due for Friday, the bulk of activity for the US dollar was expected to occur towards the start of the week. However, Monday turned out to be fairly dovish leading up to the US Federal Reserve announcement. We saw existing home sales and flash manufacturing […]

Posted November 26th, 2015 by Charles Purdy

Mixed day for US dollar

It was a mixed day for the US dollar in terms of data releases seen on Wednesday. The major release of the day, durable goods data, marked its largest figure in months, with the weekly unemployment claims also showing yet another stable figure. However, personal spending fell just short of the expected figure, failing to […]

Posted November 25th, 2015 by Charles Purdy

Positive day for the US dollar

Positivity surrounded the US dollar on Tuesday as positive releases in terms of preliminary growth data and the goods trade balance showed better-than-expected results. The preliminary growth figure was revised up further to 2.1% for the third quarter higher than expectations as the US dollar continued to strengthen. We can expect another busy day today, […]

Posted November 24th, 2015 by Charles Purdy

Busy day for US economy could spell dollar movement

Monday saw the release of a handful of data leading up to the US Federal Reserve Announcement. Both Flash manufacturing Purchase Managers Indices (PMI) and existing home sales figures fell just short of expectations, as well as the previous month’s figures, with the manufacturing PMI falling to yearly lows. We can look forward to a […]

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