The dollar has lost some of its strength this morning as market mood shifts towards a more ‘risk-friendly’ stance.
Last week’s strength came from the Federal Reserve indicating that it would be appropriate to start reducing US bond buying purchases this year, however, over the weekend rumours have been spreading that the Fed may have to delay the tapering of its bond-buying scheme due to the spread of the Delta variant across America and its effects on production output.
The Fed announced that its much-awaited Jackson Hole Symposium will be held virtually, something that also indicates caution.
This week, this US will see data including Markit PMI, durable goods orders, initial jobless claims and a speech by Federal Reserve Chair, Jerome Powell, on Friday.
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