The dollar’s recent strengthening was pared a little back last week, slipping most noticeably against SEK and the Australian dollar, and by around 0.5% against the euro.
Against the pound it has remained relatively stable while losing a little ground this morning.
On the data horizon this week is housing starts tomorrow, which rather stalled last month in the face of inflation and higher mortgage rates, and existing home sales on Wednesday. Overall, however, it’s a fairly quiet week for data.
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