The dollar is slightly stronger against a basket of currencies this morning ahead of US inflation rate figures, which are set to be released this afternoon.
Core inflation is expected to rise to 4.3% annually in October and overall inflation is expected to rise to 5.8% after reaching a 13-year high in September. The markets will be watching closely for any signs that high inflation could impact the actions of the Federal Reserve.
Jobless claims figures will follow inflation data later today and are expected to have fallen slightly in the week ending October 30.
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