The dollar was strong against the pound and weaker against the euro at the end of last week. It softened against a basket of currencies due largely to an increase in risk appetite amongst investors. However, it is looking stronger this morning.
There will be some key data releases for the US this week, including inflation numbers and retail figures for June.
Federal Reserve Chair, Jerome Powell, will also testify in front of Congress on Wednesday and Thursday. The markets will be looking out for any comments about the Fed’s plan for monetary policy.
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