The US dollar has had a poor fortnight against most currencies, and that has continued (albeit at a slower rate of decline) over the past two days against both the pound and euro.
A big week for the US economy started quietly on the data front yesterday, but revs up today with some housing data. Will the astonishing 21% annual rise in property prices continue? There will also be new home sales for June, which have been relatively sluggish due to rising prices and mortgage rates.
Tomorrow is the all-important interest rate decision from the US Federal Reserve, but you’ll need to wait until 7pm UK time for that. Then on Thursday there is GDP for Q2 (April to June).
USD/EUR past year
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