The US dollar lost across the board yesterday as the markets got used to the dramatically better-than-expected non-farm payrolls data from Friday and reversed the 1% gain it had made against sterling and the euro.
Yesterday’s data showed consumer expectations a little down. The first big data release of this week is this afternoon, with inflation for July, which is expected to remain at 9.1%.
The big story remains the possibility that the US can stave off recession, with stocks narrowly escaping a bear market yesterday
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USD/EUR past year
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