The dollar has weakened this morning against both the pound and the euro.
Jobless claims figures were at their lowest level since before the pandemic, down to 310,000 which beat market expectations. This encouraging data continues to suggest that the world’s largest economy is recovering well. This reading also happens to be the last before the government’s pandemic aid unemployment benefit scheme ends.
Markets will now be looking at today’s US PPI figures which could help strengthen the greenback. Additionally, they will be paying close attention to the ECB’s monetary policy meeting minutes, which are due to be released at around 9:30am GMT, and will confirm yesterday’s statements around the slowing the pace of the eurozone stimulus programme.
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