The dollar is slightly weaker against a basket of currencies this morning following the Non-Farm Payrolls data on Friday.
Although the report beat expectations, showing that the US economy added 850,000 jobs in June, the unemployment number was also higher than expected, meaning that the report is unlikely to change the Federal Reserve’s current stance on monetary policy.
The Federal Reserve will release the minutes from its June meeting on Wednesday and investors will be looking out for any details on interest rates and monetary policy. PMI data will be released for the US tomorrow.
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