USD: Markets await PMI figures

The dollar rebounded on Friday after US Personal Consumption Expenditure (PCE) inflation came in higher than expected.

PCE jumped 1% in June, the largest increase since 2005. This has further increased expectations that the Federal Reserve could continue to raise interest rates aggressively to tackle rising inflation.

This week, we will see several key data releases for the US including ISM manufacturing PMI figures today and non-farm payrolls on Friday.

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