The dollar was looking strong yesterday afternoon, recovering from its weaker position in the morning. As initially claimed by the US, it is now looking likely that Iran was behind the attack on the Saudi Arabian oil plant. Despite this, President Trump has said that he will not look at retaliatory options until there is “definitive proof” that Iran are behind it. Oil prices have now lost some of yesterday’s gains.
A flurry of economic data will be released for the US today, including manufacturing and industrial production figures.
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