The dollar had a positive day yesterday, despite the lack of any data releases. It strengthened against all of its major rivals, including by around a third of a cent against the pound and euro, and by over 1% against the Australian dollar.
Several members of the Federal Reserve’s interest rate setting committee have been speaking. Both Charles Evans and Lael Brainard were clear that inflation was the enemy and unemployment was a price worth paying in defeating it. However, separately, they both indicated that they could see prices were beginning to moderate. More central bankers will be talking today and tomorrow.
Other than that, there will be readings of consumer inflation expectations and economic optimism today, then the Producer Price Index (PPI) tomorrow.
USD/EUR past month
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