After a hitting a 16-month high yesterday against a basket of currencies, the dollar is slightly weaker this morning. It has been strengthening due to expectations that the Federal Reserve could hike interest rates sooner than other central banks.
The main economic data release today is weekly initial jobless claims, which are expected to show 260,000 claimants last week, a drop from 267,000 the previous week, and a fresh post-pandemic low.
There will also be a series of speeches from Federal Reserve officials today and tomorrow and the markets will be listening for any comments surrounding inflation and monetary policy.
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