The dollar is stronger against the euro and the pound this morning as the markets continue to digest the Non-Farm Payrolls report from Friday.
The report showed that the US economy added 943,000 jobs in July, the most in eleven months and above market expectations of 870,000.
In a speech yesterday, Federal Reserve official, Tom Barkin, said that inflation is likely to remain at the Fed’s 2% target. He also added that there is still scope for the job market to improve before hiking interest rates. Later today, fellow official Charles Evans will speak.
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