The dollar is strong against a basket of currencies this morning ahead of US inflation data, which is due to be released tomorrow.
Core inflation rate for the US is expected to fall slightly to 4.2%. It’s thought that, even with a slight fall, the Federal Reserve will be keen to go ahead with plans to taper monetary policy.
Retail sales and production figures will also be released later in the week ahead of the Federal Reserve’s monetary policy meeting next week.
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