The dollar weakened slightly over the weekend against the pound and euro, as Donald Trump attacked the Federal Reserve on Twitter, saying ‘If the Fed had done its job properly, which it has not, the Stock Market would have been up 5000 to 10,000 additional points, and GDP would have been well over 4% instead of 3%…with almost no inflation. Quantitative tightening was a killer, should have done the exact opposite!’
Tomorrow we will see US industrial production, expected to have slowed slightly year-on-year, from 3.6 point to 3.2, and, on Wednesday, we will see the important balance of trade figures for February. Thursday’s also an important day, with retails sales and manufacturing flash PMI.
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