The dollar remains strong against the euro and has regained some strength against the pound following news that the former Japanese Prime Minister has been shot during a campaign event. This has increased the risk-averse sentiment within the markets, supporting the safe-haven dollar.
The trade deficit in the US narrowed in May to a five-month low. Exports reached a record high but imports felt the brunt of rising prices.
The number of Americans filing for unemployment benefits rose slightly last week and above market predictions. Today, we will see more employment data with non-farm payrolls and unemployment figures. 268k payrolls are expected to have been added to the US economy in June, down from 390k in May.
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