Dollar drops on disappointing data -The.......>

FOREX: Dollar drops on disappointing data

-The greenback was the poorest performer (alongside CAD) Friday, with a lower

than expected turnout for Empire manufacturing, industrial & manufacturing

production and University of Michigan inflation expectations hindering

sentiment. AUD, NZD and SEK, however, registered gains alongside global equity

markets, with core Europe closing higher by well over 1% and key US indices

looking to add around 0.8% at writing.

-After a volatile week, GBP finished well, rising back toward the week's best

levels Friday as reports suggested UK Chancellor Hammond was meeting with

Northern Irish MPs to secure terms that would enable them to vote for May's

Brexit deal at the fresh meaningful vote tabled for Tuesday. GBP/USD recovered

back towards $1.33 ahead of the close.

-Attention turns to the prospects for May's deal Tuesday evening as well as rate

decisions from the Federal Reserve, Norges Bank, Bank of England and Swiss

National Bank next week. UK jobs & inflation data, German ZEW, NZ GDP,

Australian employment report, Japanese and Canadian CPI numbers also cross.