After losing a little strength against the euro yesterday, the dollar is once again on the front foot against the euro and the pound as markets await key PMI figures.
Yesterday saw personal income remain unchanged in May, at 0.5%, while personal spending fell to 0.2%, down from 0.6%. Other data releases revealed that the number of Americans filing for unemployment benefits fell last week but was still higher than predictions.
US stocks have seen their worst drop in the first half of a year since 1970 as concerns over inflation rise.
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