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September 2015

US Dollar Remains Firm Ahead of Data Release

Published: Monday 28 September 2015

US personal consumption rose compared to the previous month, figures showed today. The growth in consumer spending is important as it shows domestic strength which should be sufficient to see a rate rise between now and December in spite of the global slowdown. The rest of the US data was mixed but the US Dollar remains firm ahead of the Non-Farms release later in the week. This evening sees very little of note data wise. Tomorrow we have UK Consumer Credit, German Consumer Price Index and Kiwi Building Permit figures. Mark Carney also speaks tomorrow night which will be worth keeping an ear out for any indication of BoE rate hikes.