The dollar is still strong against the euro and has strengthened substantially against the pound following the Bank of England’s decision to maintain interest rates.
Balance of trade figures revealed that the US trade deficit widened to record levels in September. Exports fell while imports soared to an all-time high.
Non-farm payrolls for October will be released later today. The economy is predicted to add 400,000 jobs, up from September’s disappointing 194,000. If October’s figures disappoint, the dollar could be affected.
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