The dollar is strong against the euro and pound today, benefiting from sterling’s post-election weakness. President Trump has once again urged the Federal Reserve to cut interest rates and introduce quantitative easing via Twitter. This comes after the Fed left interest rates on hold last week, as policymakers considered the current monetary policy stance appropriate.
US industrial production rose 1.1% month-on-month in November, beating expectations and showing the biggest jump in industrial output since October 2017. However, manufacturing production fell 0.8% year-on-year.
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