The dollar is weaker against the pound but strong against the euro today, as it continues to benefit from its safe-haven status. Political and economic uncertainties mean that the dollar has fallen back into favour recently.
New orders for US manufactured durable goods rose 0.4% month-on-month in August, well below an upwardly revised 11.7% jump in July and lower than market forecasts of a 1.5% rise.
GDP figures from the US are due this week, as well as personal spending data on Thursday and non-farm payrolls on Friday. If this data comes in worse than expected, we could see the dollar strengthen.
The first Presidential debate will take place on Wednesday. The first Presidential debate will take place on Wednesday. It will be interesting to see if the markets react at all.
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