The dollar is strong against a basket of currencies this morning, including the pound and the euro, ahead of the release of the Federal Reserve’s latest meeting minutes.
The Federal Reserve will release the minutes from its December meeting later today and the markets will be looking out for any suggestions of when interest rate hikes could occur. The central bank is due to end its asset-buying programme in March, which could then make way for interest rate hikes.
ADP employment data will also be released for the US today, which could hint at how the all-important non-farm payrolls report fares on Friday.
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