The dollar is stronger against both the pound and the euro this morning, still fundamentally supported by news last week that the Federal Reserve are likely to continue to raise interest rates and tighten monetary policy at a faster pace this year.
PMI figures will also be released for the US today and are also expected to show slight declines for March, showing that economic growth has slowed.
As well as this, several Federal Reserve officials are due to speak today. Any ‘hawkish’ comments that support Chairman Jerome Powell’s speech last week could boost the dollar.
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