The dollar is slightly weaker against a basket of currencies this morning after strengthening last week due to higher-than-expected inflation.
A virtual summit will take place this evening between President Biden and Chinese leader Xi Jinping amid rising tensions between the two nations. It is hoped that the summit will ease tensions, however, expectations for a solid outcome are low.
Retail sales figures will be released for the US tomorrow, which are expected to show an increase in October.
For more on currencies and currency risk management strategies, please get in touch with your Smart Currency Business trader on 020 7898 0500 or your Private Client trader on 020 7898 0541.
