After strengthening on Friday due to a rise in US treasury yields, the dollar is slightly weaker this morning.
The markets will be listening closely to a series of speeches from Federal Reserve officials this week, hoping for more information about the timeline for tapering monetary policy. Fed Chair, Jerome Powell, will testify in front of Congress, speaking about the central bank’s response to the pandemic.
It’s also a busy week for US data, with GDP figures on Thursday and PMI data on Friday.
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