The dollar strengthened to its highest point against the pound since the mid-1980s early yesterday, overtaking the early-Covid low of March 2020, before slipping back by around 1%.
Against the euro it moved to its strongest for almost 20 years, but those gains have also been pared back this morning.
It being Labor Day there were no data releases, but today there will ISM Non-manufacturing PMI, which is expected to be strongly positive at around 55, and tomorrow it’s Balance of Trade.
USD/EUR past year
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