The U.S. Dollar posted a two-sided trade last week but still managed to close higher for the period. The US Dollar index started the week strong before
The U.S. Dollar posted a two-sided trade last week but still managed to close higher for the period. The US Dollar index started the week strong before hitting its high for the week with the release of the minutes from the Federal Reserve’s June meeting. After a two day set-back, the index clawed back to positive after the release of the stronger-than-expected U.S. Non-Farm Payrolls report on Friday.
The key events in the week ahead will help speculators to get further clues about global economic growth. UK unemployment rate and Claimant Count change will be published on Wednesday. The BoC will publish its interest rate decision on Wednesday as well. On Thursday, Janet Yellen will testify before the Congress and on Friday, US CPI along with retail sales will be published.
