The dollar is stronger against the pound and euro this morning. This strength has largely come from euro weakness.
Initial jobless claims figures showed that the number of Americans filing for unemployment benefits rose by more than expected in the last week.
All eyes are now on today’s inflation figures. Inflation is predicted to have stayed the same in May, at 8.3%, so any surprises could affect the greenback and the Federal Reserve’s next interest rate decision. The other key data release today will be Michigan consumer sentiment figures which give an indication of how the economy is faring.
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