The dollar is slightly weaker against a basket of currencies this morning. It fell at the end of last week due to disappointing home sales, building permit and manufacturing figures.
More data surrounding homes sales will be released this week and the markets will also be looking to Federal Reserve Chair, Jerome Powell’s, testimony on Wednesday and Thursday.
This follows the Federal Reserve’s monetary policy meeting last week, when the interest rate was hiked by 75 basis points to tackle rising inflation.
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