The dollar has strengthened following a jump in US inflation figures yesterday.
The annual inflation rate jumped to 4.2%, the highest reading since 2008 and above expectations of 3.6%. This is due to the reopening of the US economy and a subsequent surge in demand, with the biggest increases for gasoline, fuel oil and used cars and trucks.
US core consumer prices rose by 3% in April, the latest annual increase since 1996.
Jobless claims figures will be released for the US later today and there will be a speech from Federal Reserve official, James Bullard.
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