The dollar is up against both the pound and the euro this morning. This is mainly in response to the European elections, which have caused a weak euro and a choppy pound.
President Trump has now started to put pressure on Japan to reduce their trade surplus with the US. He said that the two nations will be “announcing some things, probably in August, that will be very good for both countries.”
The dollar weakened at the end of last week as US manufacturing activity hit its lowest level in almost a decade. This could be an indication that the US economy is slowing down.
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