The US dollar weakened across the board yesterday, marginally against sterling and the euro, and significantly against the Australian dollar.
Today at 1.30pm is the inflation reading for August, which is expected to fall slightly from last month, to 8.1%, as highlighted by yesterday’s Consumer Inflation Expectations reading of 5.7% for August. If it falls below expectations the Federal Reserve may cut back on interest rate rises, so it is a reading to take note of.
On Thursday we’ll see how that relates to retail sales and on Friday it’s a the preliminary reading for Michigan Consumer Sentiment.
USD/GBP past year
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