After a steady day yesterday the dollar has weakened this morning against the pound. It has already fallen this morning against the euro, but is still well above where it started the week.
It is well down against its commodity-backed dollar rivals.
There are a couple of important data releases today, including Balance of Trade and ISM Non-manufacturing PMI this afternoon. Also of interest to the markets, speeches by several of the Federal Reserve’s interest rate setters, Kashkari, Brainard and Williams, which will be followed by the FOMC’s minutes tomorrow, offering a clearer view of US interest rate policy.
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