The dollar is weaker against the pound and the euro this morning, but still strong compared to this time last month.
US retail sales data was released yesterday, showing that sales increased by 0.9% in April, matching market predictions. The increase shows that Americans continue to spend despite high inflation, although it was the smallest uplift in four months.
Later today, Federal Reserve official, Patrick Harker, will speak and the markets will be listening for any comments surrounding monetary policy and interest rates.
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