The dollar is strong against the pound and euro this morning, but slightly weaker against other currencies following the Federal Reserve’s statement that it will be ‘patient’ when deciding to raise interest rates.
Six Federal Reserve officials will speak today, including Chairman Jerome Powell. The markets will be listening out for any comments surrounding interest rates, monetary policy and inflation.
This comes ahead of the release if inflation data on Wednesday. Inflation and core inflation, which excludes volatile food and fuel costs, is expected to have edged higher in October.
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