The US dollar had another positive week, enjoying some good data. UK and US inflation data, housing figures and most importantly the FOMC Meeting Minutes stand out. These are the highlights of this week. Join us as we explore the market movers on Forex calendar.
US jobless claims posted a higher than expected reading of 294,000. The 20,000 addition reached the highest level since February 2015. However, the positive trend that began early in May continued for the dollar, especially as retail sales beat expectations, something that doesn’t usually happen. Does this imply a Fed hike? Not so fast, as Yellen and co. don’t seem to be in a hurry. The fear of a Brexit, highlighted by the BOE, is one possible reason to wait. Will the dollar continue higher? Let’s start?