It was a bit of a bumpy end to the week for the dollar on Friday. Optimism over the upcoming phase one China trade deal helped to propel the dollar upwards earlier in the week, but concerns over instability following Friday’s air strikes in Baghdad, where key Iranian military figure Major-General Qassem Soleimani was killed, saw investors move to other safe havens.
This week will see a number of important data releases, including non-manufacturing PMI, employment figures, mortgage applications and jobless claims. All these will help to provide a picture of the American economy amid a climate of a potential global slowdown.
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