USD: Dollar recovers in early trading

After taking a bit of a dive yesterday, the US dollar has recovered against both the euro and the pound this morning.

Yesterday’s economic data showed ISM Manufacturing PMI slipping a little lower than June, but nevertheless beating expectations of 52 to show 52.8.

Later today we’ll get an insight into US employment prospects with JOLTs Job Openings, and then ISM Non-Manufacturing PMI on Wednesday. On Thursday, Balance of Trade data and Unemployment Rate are also due to be released and on Friday Unemployment Rate for July will also be released.

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