The dollar dipped lower against the pound and the euro yesterday amid worries of global growth following poor manufacturing figures, which were released earlier in the week. The greenback has edged slightly higher this morning.
Figures for private sector payrolls showed a lower-than-expected figure for September, but were not as bad as many had initially feared after the exceptionally poor manufacturing figures.
Today, a series of data will be released for the US, including Non-Manufacturing PMI and Factory Orders. If data continues to be poor, we could see increased pressure on the Federal Reserve for a third rate cut this year.
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