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Posted January 21st, 2016 by Charles Purdy

US dollar tumbles slightly – can this be rectified today?

The US dollar fell from its recent strength on Wednesday, due to the release of worse than expected Consumer Inflation figures. This is a key piece of data for the US Federal Reserve, and no doubt they would have hoped for positivity to justify an Interest Rate increase at the next Federal Reserve meeting.

We can expect a quiet day today for Data with only the weekly unemployment claims due; this is expected to show another stable figure.

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 January 20th, 2016 by Charles Purdy

US dollar remains strong against its major competitors

The dollar had a positive Tuesday against a number of majors currencies, although it fell against most commodity currencies (including the Norwegian krone, and both the Australian and Canadian Dollars) as crude oil price turned negative. This varied performance can be seen in the Dollar Index (DXY), which began the day at the 99.15 mark, hit a peak of 99.30 and fell back to 99.00.

Wednesday sees an abundance of fundamental news from America, including Building Permits figures (shows number of permits for new construction projects) and a raft of Consumer Price (CPI) data (key measure of inflation and purchasing trends). The expectation is that the US dollar will remain relatively stable – but a small positive or negative figure could well affect the most recent Dollar movements greatly.

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 January 19th, 2016 by Charles Purdy

US dollar quiet for US bank holiday

Monday was Martin Luther King Day in the US, so there were no key data figures or economic news released – and following this we do not expect any major releases today. Investors will be focussing their attention on Wednesday, when we shall see the release of consumer inflation; no growth is expected, but any positive news here may well support the belief that there will be four interest rate increases this year.

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 January 18th, 2016 by Charles Purdy

Markets reassessing on Monday

It was an underwhelming day for the US dollar on Friday, with data releases failing to show further strength. With retail sales and inflation in the form of a Producer Price Index (PPI) released, figures were less than impressive, with both showing slight contractions on the previous month’s figures. As well as, this industrial production levels, which have struggled in the last five months, continued to do so.

With US banks closed for Martin Luther King Jr Day on Monday, we can look forward to the start of data releases on Wednesday. The Consumer Price Index (CPI) is expected to follow in last week’s PPI data’s footsteps, with no increase predicted. Thursday will see the release of weekly unemployment claims, which is expected to post yet another stable figure. Any surprises, however, could spell movement in 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.

Posted January 15th, 2016 by Charles Purdy

US dollar continues to benefit from sterling weakness despite quite data week

It has been another quite week for the US dollar in terms of data, with the movement for the American currency in the main dictated by sterling’s weakness. On Tuesday we saw the release of Job Opening and Labor Turnover Survey (JOLTS) figures, which showed a stable figure – as did the release of weekly unemployment change data on Thursday. Import prices were also released; these grew more than expected, especially given this is a figure that has been suffering for the last 8 months.

We expect a busier day today, with Retails Sales, Producer Inflation and Industrial production all due to be released – albeit at levels lower than the previous month.

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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