The dollar remains strong against both the pound and the euro this morning, ahead of a series of speeches by Federal Reserve Chairman, Jerome Powell. After positive Non-Farm Payroll data last week, it is difficult to predict what he will say. However, the markets have priced in a 25 basis point interest rate cut for July.
Meanwhile, the US has announced fresh duties on some Mexican and Chinese steel good. This decision comes two months after President Trump agreed to lift tariffs on steel and aluminium from Mexico and Canada.
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