The dollar was weaker against the pound but strong against the euro yesterday, as coronavirus news continues to make an impact. Today, we’ll see a series of important economic data for the US.
Inflation rate is expected to show a slight increase year-on-year, whilst core inflation rate is predicted to drop slightly. Core inflation rate tracks changes in prices that consumers pay for a basket of goods, excluding volatile food and fuel costs.
This will be followed by retail sales, manufacturing production and industrial production data tomorrow.
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