It was a quiet day in the US yesterday with markets closing for Thanksgiving, but the dollar has weakened this morning, trading around multi-week lows against the pound.
The greenback received a midweek boost after the minutes from the Federal Reserve’s latest monetary policy meeting raised expectations of an imminent interest rate hike. However, concerns around the timing of the hike are weighing on market sentiment and the dollar’s safe-haven advantage.
It’s another quiet day for data in the US today.
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