The dollar was in a weak position yesterday afternoon and remains low this morning as poor economic data and possible rate cuts weighed on the greenback. The ADP employment report showed that just 27,000 jobs were created in private companies in May, compared to the expected figure of 185,000.
Later today, the balance of trade figure for April will be released, as well as US jobless claims.
In US-China trade news, Former U.S. Secretary of State Rex Tillerson said he’s concerned that China may still give up on trade talks with the U.S., even as the two countries come closer to a resolution.
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