Rate changes could result in a weaker dollar

WE have begun a very busy week on the international economic statistics front, which could have a significant bearing on interest-rate decisions by the European Central Bank, the Bank of England and the US Federal Reserve.

Furthermore, this data and official interest rate decisions could have important knock-on effects on major currencies.

It is clear from recent statements, particularly from the ECB and the US Fed, that any further interest rate decisions would be dictated by the message from forthcoming economic data.