The dollar is weak against both the pound and the euro this morning. This is possibly due to increasing expectations that the Federal Reserve will cut interest rates next week, although the question remains as to how much they will be cut by.
The markets are also looking ahead to economic data releases this week, including durable goods orders and goods trade balance on Thursday, and US GDP on Friday. This data, especially GDP, could sway the outcome of the rate cut decision next week.
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