The dollar has strengthened by over 1% against the euro after the single currency was hit hard by Russia’s latest sanctions.
PPI figures for the US rose by 0.5% in April. This was a smaller rise than in March but was in line with expectations.
Initial jobless claims figures were also released yesterday. Markets had predicted a decrease in the number of Americans filing for unemployment benefits last week, however, the figure increased by 1,000.
Later today, Michigan Consumer Sentiment figures for May will be released and are expected to fall.
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