The dollar is still weak against a basket of currencies due to treasury yields, which have been falling after spiking to their highest in more than a year last month. The greenback is likely to look the Federal Reserve’s monetary policy meeting next week for direction.
Jobless claims figures and existing home sales data are due to be released for the US later today. Initial jobless claims are forecasted to rise slightly after dropping to their lowest level since the pandemic at the beginning of April.
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