The dollar is weaker against a basket of currencies this morning. This is due to boosted risk sentiment, which has occurred because of rising hopes that the loosening of China’s lockdowns will help global economic growth.
This week, the minutes from the Federal Reserve’s latest monetary policy meeting will be released, which should provide further clarity over plans for more interest rate hikes. Fed Chair, Jerome Powell, will speak ahead of this.
There will also be a series of data releases for the US this week, including PMI figures tomorrow and GDP data on Thursday.
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